Ray Davis, Nolan Ryan and Bob Simpson take questions from the media after Ryan announces he's retiring from the club.
Ray Davis has been given unanimous approval to succeed Nolan Ryan as the controlling owner of the Texas Rangers.
Davis' position was announced last month, but it took a vote Thursday at the owner's quarterly meeting to make it official.
Each Major League 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.
Ryan, a Hall of Fame pitcher, resigned last month and said he will sell his ownership stake to Davis and Bob Simpson, the team's co-chairmen.