f/k/aHicksSportsGroupLLC("HSG").BothTRBPandHSGwereultimatelyownedand/orcontrolledbyTomHicks.
9.
Monthsearlier,onMay24,2010,TRBPhadfiledaChapter
11
bankruptcyproceedingintheU.S.BankruptcyCourtfortheNorthernDistrictofTexas,FortWorthDivision.Consequently,thesaleoftheTexasRangersrequiredapprovaloftheBankruptcyCourt.
B.UseofParkingSpacesforRangers'HomeGamesisDocumentedthroughaMemorandumRegardingExistingLandUseArrangement.
10.DefendantBRE,aHicksaffiliate,ownscertainrealpropertyandpurportstohaveleaseholdinterestsincertainotherrealestate(the
"BRE
Property")locatedadjacenttoRangersBallparkinArlington(the"Ballpark").TheBREPropertyincludesparkinglots,agreenbelt,alake,anirrigationsystem,andotheramenitiesusedforthebenefitoftheTexasRangersandtheCenterfieldOfficecomplexattheBallpark.TRBP,whenitownedtheballc1ub,usedtheBREPropertypursuanttoaverbalarrangementwithfellowHicksaffiliate,BRE.11.Asoriginallyproposed,itwasaconditionprecedenttothepurchaseoftheballc1ubthatBREwouldagreetoselltheBREPropertytoRangersBaseballExpress.Inthebankruptcyproceeding,however,creditorsoftheHicks'entity,HSG,objectedtotheproposedsaleoftheBREPropertyongroundsthatitwouldunjustlyenrichHSGtothedetrimentofitscreditors.Accordingly,thesaleoftheBREPropertywascarvedoutofthelargertransaction,and,asaresult,thetwoHicksentities,BREandTRBP,memorializedtheirverbalarrangementforuseoftheBREPropertythroughaMemorandumRegardingExistingLandUseArrangement(the"LUA")executedeffectiveMay20,2010.[Ex.A].RangersBaseballExpress,upon
Plaintiff'sOriginalPetitionandVerifiedApplicationforTemporaryRestrainingOrderandPage3TemporaryInjunction
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