Ray C. Davis is a businessperson who has been at the helm of 6 different companies and is Co-Chairman & Co-Chief Executive Officer at ETC Holdings LP, Co-Chairman of Texas Rangers Baseball Club, Inc. and Co-Chief Executive Officer at La Grange Acquisition LP. In 1994, he cofounded Energy Transfer Partners (ETP), which was then taken public in 2004. … and Live! Ray Davis and the Texas Rangers ownership group will host the 2020 World Series, just as they had hoped when they broke ground on a new stadium three years ago. October 1990: The Rangers announce that they have reached an agreement with the city of Arlington, Texas, on a $165 million stadium that will keep the Rangers in Arlington for the next 40 years. He served as the co-chief executive officer (CEO) and chairman for Energy Transfer Partners (ETP) and chairman of Energy Transfer Equity (ETE). The same year he started the investment and management company, Capstone Partners. In August 2010, Simpson and another Texas oil magnate, Ray Davis, served as co-lead investors in the $593 million winning bid to take the Texas Rangers baseball team out of bankruptcy. It was a tough season for the Texas Rangers, and owner Ray Davis isn't pleased with how his team performed. He served as the co-chief executive officer (CEO) and chairman for Energy Transfer Partners (ETP) and chairman of Energy Transfer Equity (ETE). He also served as Co-Chairman of the Board of Directors of Energy Transfer Equity (ETE) from the time of its initial offering until retirement. Ray C. Davis: The Undercover Billionaire He’s made a fortune in the energy business and co-owns the Texas Rangers baseball club. The Rangers co-chairman addressed writers on Wednesday afternoon. In 2008, Davis made his first appearance on the Forbes 400 list, ranking 367th with a net worth of $1 billion. Davis and Bob R. Simpson provided the majority of the $593 million sale price. This arrangement continued after Greenberg left in 2011 and ceded his post as CEO to Ryan. Davis … Mr. Davis has presided over a period of unprecedented growth in the franchise from a business and community perspective. pennants and advanced to Postseason play five times. … He is co-owner and co-chairman of the Texas Rangers of Major League Baseball (MLB). Rangers owner Ray Davis says a adding a roof to the existing ballpark is too expensive, and lists reasons why a new stadium makes sense (video by Jeff Wilson). Hasn’t Always Been Successful in Business. Texas Rangers announce resignation of manager Ron Washington Texas Rangers owners Ray Davis, left, and Bob Simpson, right, flank President of Baseball Operations and General Manager Jon Daniels at a news conference to announce the resignation of manager Ron Washington at Globe Life Park in Arlington, Texas, on Friday, Sept. 5, 2014. Instead of a splashy debut year in the the $1.2 billion ballpark with a retractable roof, the Rangers finished an American League-worst 22-38 in the pandemic-shortened season in front of no fans. His interests include ranching, bird hunting and reading. by Loews-Arlington, TX. Ray Davis, co-owner and co-chairman of the Texas Rangers, photographed Wednesday, April 1, 2015 at Globe Life Ballpark in Arlington, Texas. Payroll, furloughs and witches: Rangers’ owner Ray Davis speaks on 2020. Mr. Davis has been active in Major League Baseball during his tenure with the Rangers, serving on the MLB Executive, Labor, and Competition Owners Committees. The Wrangler National Finals Rodeo was competed over 10 nights at Globe Life Field in December. Prior to Avatar, Mr. Davis spent over 30 years working and holding various leadership roles in the energy industry. When the Rangers were put up for sale in 2010, Davis joined a group headed by Chuck Greenberg and Nolan Ryan, which purchased the club. Texas Rangers owners Ray Davis, left, and Bob Simpson, right, flank President of Baseball Operations and General Manager Jon Daniels at a news conference to announce the resignation of manager Ron... Get premium, high resolution news photos at Getty Images Davis worked in the energy industry for forty years, until he retired as the CEO of ETP and ETE in 2007. ... Ray Davis is not that guy. Texas Rangers co-chairman and managing partner Ray Davis plans for most of the furloughed employees to return by January 1, depending on the how circumstances play out regarding the COVID-19 pandemic. He was Co-Chief Executive Officer and Co-Chairman of the Board of Directors until his retirement in 2007. Instead of a splashy debut year in the the $1.2 billion ballpark with a retractable roof, the Rangers finished an American League-worst 22-38 in the pandemic-shortened season in front of no fans. Of course, Ray Davis is going to tell you to come out to Globe Life Field and pour your hard-earned dollars into his team. Mr. Davis is currently Majority Owner, Chairman, and Managing Partner of the Texas Rangers. pennants and advanced to Postseason play five times. Ray C. Davis is an American businessman. In 2012, he ranked 315th with a net worth of $1.5 billion,[3] and he ranked 296th in 2013 with a net worth of $1.9 billion.[4]. … … Davis is a somewhat reclusive man who prefers to avoid the limelight. Ray Davis and fellow billionaire Kelcy Warren founded natural gas distributor and pipeline company Energy Transfer in 1995 and built it into a giant. Ray Davis and the Texas Rangers ownership group will host the 2020 World Series, just as they had hoped when they broke ground on a new stadium three years ago . Rangers owner Ray Davis said at the time that the goal was to build a World Series contender by the time they moved into the new ballpark. What owner wouldn’t? ST. PETERSBURG, Fla. -- We knew some of the names of owners of the Texas Rangers, but not the complete list. Since he became a Principal owner in August 2010, the Rangers have won four A.L. Mr. Davis has also played a significant role in the National Medal of Honor Museum’s planned move to Arlington. Simpson and Davis became co-chairmen of the Rangers, but initially remained in the background, leaving the Rangers in the hands of managing partner and CEO Chuck Greenberg and President Nolan Ryan. Ray Davis is Chairman and Chief Executive Officer of Avatar Investments, L.P. (“Avatar”), a family-owned diversified investment company. Since he became a Principal owner in August 2010, the Rangers have won four A.L. Globe Life Field, a $1.2 billion facility with a retractable roof, opened in March 2020 and was the site of three rounds of Major League Baseball’s Postseason, including the 116th World Series. [5] Following Ryan's resignation from the Rangers in 2013, MLB approved the Rangers' request to have Davis replace Ryan as the team's control person, thus making him the primary person accountable to the commissioner's office for the team's operations. Under Mr. Davis’ watch, the Rangers are aggressively promoting the game of baseball through the construction of Texas Rangers Youth Academy in West Dallas, and the Texas Rangers Baseball Foundation has completed a multi-million dollar endowment that will provide community programs and assistance for years to come. West Division titles and two A.L. Ray Davis Net Worth $2.6 Billion Very little is known about Ray’s roots and growing-up, education including college career. Ray Davis and the Texas Rangers ownership group will host the 2020 World Series, just as they had hoped when they broke ground on a new stadium three years ago. He resides in North Texas with his wife, Linda, and has three adult children, who live in the Dallas/Fort Worth area. When the Rangers were acquired via a bankruptcy auction in 2010 for $586 million by a group led by Ray Davis and Bob Simpson, the team had over a dozen owners. Texas Rangers furlough about 60 employees: 'I wish there was another way' Owner Ray Davis cited severe financial consequences of the coronavirus-caused shutdown. [6] However, President of Baseball Operations and General Manager Jon Daniels serves as operating head of the franchise; Davis and Simpson have continued to stay in the background as senior consultants. Mr. Davis is currently Majority Owner, Chairman, and Managing Partner of the Texas Rangers. 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