Tom Schieffer, the former Texas Rangers president, has been appointed to monitor the club's business and finance operations. In announcing the move, baseball commissioner Bud Selig said that Schieffer's responsibilities included "all of the franchise's related entities," an important clause given that owner Frank McCourt has splintered much of franchise into separate groups. From the LAT:
Schieffer, an investor in the ownership group headed by George W. Bush and Rusty Rose that purchased the Rangers in 1989, was the club president from 1991-1999 and the franchise's general partner from November 1994 until June 1998. The Fort Worth native was the club's partner in charge of ballpark development in advance of the 1994 opening of The Ballpark in Arlington. The Rangers won their first three American League West titles (1996, 1998-1999) in club history in the years during Schieffer's tenure.