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Rangers Declare Bankruptcy

Owning a baseball team isn't always a license to print money. Take the Texas Rangers, for example. Ten years after signing Alex Rodriguez to a then unheard of $252 million contract, the MLB franchise has filed for bankruptcy.

Now, it's probably not exactly fair to blame the team's financial failings on the current Yankees slugger. Still, USA Today explains that A-Rod is one of the team's largest unsecured creditors.

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