Baseball commissioner Allan H. (Bud) Selig announced Thursday that the major league owners have formally approved the designation of Ray Davis as the control owner of the Texas Rangers.
The major league clubs voted during Thursday's quarterly ownership meetings.
Each club has a designated control person who is accountable to Major League Baseball for the operation of the club and for the club's compliance with the rules of baseball.
Davis succeeds Nolan Ryan. Ryan, a Hall of Fame pitcher, resigned at the end of October, selling his ownership stake to Davis and Bob Simpson, the team's co-chairmen.