According to an article in the New York Post, Rupert Murdoch's News Corp (which owns the Post) is considering a “bid for the bankrupt Texas Rangers.”

How cool would it be to see the Rangers playing at MySpace Field? A kid can dream can't he?

The Post's Josh Kosman reports:

Bidding for the suddenly resurgent baseball franchise will begin at $307 million, but a winning bid may be $100 million higher -- or more.

It could not be learned if News Corp., whose Fox Sports Southwest unit owns television rights to the team, would bid independently or as part of a group.

News Corp. may add its name to the list of wannabe owners of the suddenly competitive Texas Rangers baseball team.

There are several other potential bidders, including a group led by Hall of Famer and Rangers team president Nolan Ryan and a group led by Mark Cuban, the owner of the NBA's Dallas Mavericks.

It wouldn't be Murdoch's first foray into athletics. I highlighted the following report from The Independent in May:

Rugby club Melbourne Storm, which is owned by Murdoch's News Limited, has been at the centre of a major scandal, after players were found to have been receiving secret payments to stay at the club. This contravenes Australia's strict salary cap rules, and Murdoch has been fined a A$500,000. How many more fines can a magnate afford?

As a result of the scandal, the Storm was stripped of its “2007 and 2009 championship titles” as well as “three minor titles from 2006-08.”

UPDATE: Accoring to another Post report, “News Corp. announced Tuesday it will not be submitting a bid for the Texas Rangers.”