Friday, October 21, 2011

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On March 11, 2011, Greenberg announced that he was stepping down as managing partner and chief executive officer of the Texas Rangers and that he will be selling his interest in the Rangers and will no longer be associated with the franchise. Club president Nolan Ryan will assume the title of CEO and oversee all aspects of the Rangers operations on both the baseball and the business side.
While at Tufts, Greenberg majored in political science and graduated summa cum laude with a bachelor's degree in 1982. From there he went onto the University of Michigan Law School, where he received his juris doctor in 1985.
After law school, Greenberg began his law career in his hometown of Pittsburgh, as an associate and then partner at Cohen & Grigsby P.C., where he practiced for 13 years. In 1998, he joined Pepper Hamilton LLP as a corporate and sports attorney and a partner in the Pennsylvania-based law firm. While at Pepper Hamilton, Greenberg headed the firm's sports practice and was a member of its Executive Committee from 2002 to 2008.

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Among his most prominent work as a sports industry attorney, Greenberg was instrumental in a deal that landed NHL Hall of Famer, Mario Lemieux, ownership of the then-bankrupt Pittsburgh Penguins hockey team in 1999. The deal is credited with saving the franchise for the city and Western Pennsylvania. In 2007, Greenberg again represented Lemieux and the Penguins in successful negotiations with the state, the City of Pittsburgh and Allegheny County which resulted in a deal to build the brand-new, state-of-the-art Consol Energy Center in downtown Pittsburgh and secured the future of the Penguins in Pittsburgh for another 30 years.

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Beginning in 2002, Greenberg formed and led an ownership group that purchased the Double-A Eastern League's Altoona Curve, a minor league baseball team in Pennsylvania. For six years (2002–2008), Greenberg acted as managing partner and president of the team. He is credited with helping the organization set fan attendance records while continually re-investing money to improve the Blair County Ballpark, which resulted in national recognition of the franchise as one the most innovative teams in professional sports. Due in part to Greenberg's contributions to the baseball industry and the local community, the organization was awarded the John H. Johnson Presidents Trophy in December 2006, given to the top franchise in all of Minor League Baseball for overall quality and performance. During Greenberg's tenure as managing partner and president, the franchise won several other awards, including the Larry MacPhail Award, presented in December 2004 by the Minor League Baseball association as the top franchise in all of Minor League Baseball for marketing, promotions, and community service and the Freitas Award in November 2006, awarded by Baseball America as the top Class AA franchise in Minor League Baseball. Greenberg was also a finalist for the Ernst & Young Entrepreneur of the Year in 2006 as a finalist in the Western Pennsylvania and New York Region for ownership and management of Altoona Curve and State College Spikes. Greenberg and his ownership group (Curve Baseball LP) sold the team to the Robert F. Lozinak family in 2008.
While continuing to manage and operate the Altoona Curve, Greenberg and his investment group also purchased the former New Jersey Cardinals. He immediately relocated the franchise to State College, Pennsylvania, in collaboration with Penn State University. Greenberg worked with the university to create the area's first-ever professional sports franchise, the State College Spikes, which began play in the New York-Penn League in 2006. Greenberg's hard work associated with the unique relationship between the Spikes and the university has become a model in the industry for facilities, shared by a major university and a professional sports franchise. Medlar Field at Lubrano Park was the first ballpark in America LEED-certified for leadership in environmental and energy design.

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Greenberg took over as president and managing partner of the Myrtle Beach Pelicans in June 2006 when he and a group of investors purchased the Minor League Baseball team. Greenberg worked to enhance BB&T Coastal Field in Myrtle Beach, making it one of the most fan-friendly venues in Minor League Baseball. Greenberg and his group of investors spent $2.5 million to enhance the Pelicans' ballpark including the installation of a state-of-the-art, 550-square-foot (51 m2) video board, a new Outfield Reserved Bleacher Seating section, and the opening of Pelican's Beach, dubbed "the only baseball-front beach in America". As part of a stadium redesign, the franchise moved the visitor's bullpen from beyond left field to beside a dugout, and set up 500-seat bleachers in its place. The Major League-quality video board is the largest in the Carolina League and ranks among the largest in all of Minor League Baseball, while the outfield seating is unique within the Carolina League. The Pelicans also reached several attendance milestones, including setting the team's all-time franchise attendance record in 2008 and the all-time average attendance record in 2009. Rangers Baseball Express, led by Greenberg and including former baseball great Nolan Ryan, won an auction to purchase the Texas Rangers on August 5, 2010, after hours of courtroom bidding. Greenberg described it as "a painful process … it dispelled any notion that we haven't earned our way. We will deliver on our promises. And we want to deliver a championship." The two parties bidding for the franchise were the Ryan/Greenberg group and a group led by Dallas Mavericks owner Mark Cuban and Houston businessman Jim Crane. Hours of delays and bidding resulted in a final sale price of $593 million, $385 million cash and $208 million in assumed liabilities.

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