Topic: Hicks - Texas Rangers Sold...

[Keith Lard]

Who gives a damn? Football is a joke nowadays anyway. It's all about money and lost all of it's essence. I'd support Liverpool even if we went bust and were demoted to the Beezer Homes League. But I'm through with all the stress and obsession with having to be first every year. Achievements built on which team has the bigger balance aren't real achievements. It's a joke that we are competing with the likes of Chelsea and Man City. An utter joke.

[RedTexan]

The NHL is refusing to speak about it but Hick is being forced to put the Dallas Stars up for sale. 

This is very good news in the steps to bring down Goliath.

[CraigDS]

Why is he being forced?

[RedTexan]

Why is he being forced?

http://sports.espn.go.com/dallas/nhl/news/story?id=4886953

[ali]

Tom Hicks Confirms: Yes, He's Considering Selling the Dallas Stars After All
By Robert Wilonsky in Sports
Thu., Feb. 4 2010 @ 1:34PM


​It took a while, but Lisa LeMaster just sent a statement addressing The Hockey News's report that Tom Hicks, fresh off closing a deal to sell the Texas Rangers, is also looking for someone to either invest in the team or take the Dallas Stars off his hands altogether. In short: The report was right, and Hicks, after months of insisting the Stars weren't for sale, has changed his mind. See for yourself.

    Statement from Hicks Sports Group

    (Dallas, TX February 4, 2010) - Hicks Sports Group today confirmed that Galatioto Sports Partners ("GSP") has been retained to examine and advise the Dallas Stars on the possibility of securing new investors or selling a majority stake in the Dallas Stars. Last month, HSG announced it had reached a definitive agreement to sell its major league baseball club, the Texas Rangers. Officials said the Stars are in a "position of strength" because of the team's long-term success.

    "While a sale is not a certainty," said Jeff Cogen, president of the Dallas Stars, "it is a possibility, and Mr. Hicks has received numerous inquiries about the team. Those potential investors recognize that the Stars are a success story. We have the third best record in the NHL since 1996. If you look at the team, it has been built in the right way -- building from within. It's a role model, especially for the Sunbelt teams."

    The team's general manager, Joe Nieuwendyk, echoed Cogen's statement.

    "I am not surprised there is interest in this franchise," said Nieuwendyk. "I believe it is positioned for greatness for many years because of the youth in our system, our tradition of winning, and we have an established and enthusiastic fan base."

http://blogs.dallasobserver.com/unfairpark/2010/02/tom_hicks_confirms_yes_hes_con.php

[JohnOK]

If he has sold the Stars and the Rangers, does that mean he is more likely to stay on here and less likely to sell us?

[RedTexan]

The Hicks family is hurting financially right now.  Defaulting on that 530 million USD loan is really bad.  I think the odds of him selling his half are more and more likely.

[xavidub]

Who gives a damn? Football is a joke nowadays anyway. It's all about money and lost all of it's essence. I'd support Liverpool even if we went bust and were demoted to the Beezer Homes League. But I'm through with all the stress and obsession with having to be first every year. Achievements built on which team has the bigger balance aren't real achievements. It's a joke that we are competing with the likes of Chelsea and Man City. An utter joke.

I have to agree

[Lush is the best medicine...]

The Hicks family is hurting financially right now.  Defaulting on that 530 million USD loan is really bad.  I think the odds of him selling his half are more and more likely.

oh happy days...

[PolarBear16]

He's now got to sell the Dallas Stars

http://www.google.com/hostednews/canadianpress/article/ALeqM5hB3XKTxnP2pL93Yz-0mh6vMBfenw

[PhilAnderer]

I hope the next thing he has to sell is LFC followed closely by his house. Couldn't happen to a nicer fella.

[Lush is the best medicine...]

I hope the next thing he has to sell is LFC followed closely by his house. Couldn't happen to a nicer fella.

he did sell a very nice holiday home a few weeks ago

[TSC]

He does appear to be utterly fucked financially with all these sales.  Obviously he'll never be 'skint' the way the layperson relates to such a term.  But it does seem like his LBO empire is crashing all around him.

Heartbreaking eh.

[canuckkopite]

Financially strapped owner Tom Hicks is looking into a possible sale of the Dallas Stars.

The Hicks Sports Group said Thursday the NHL team has retained Galatioto Sports Partners to look for new investors and examine the idea of selling a majority stake in the Stars.

"While a sale is not a certainty it is a possibility," said Jeff Cogen, Stars team president, in a release. "And Mr. Hicks has received numerous inquiries about the team. Those potential investors recognize that the Stars are a success story."

Last year, Hicks, who also owns the MLB's Texas Rangers, defaulted on a loan backed by the Stars and the Rangers.

Hicks recently reached an agreement to sell the Rangers to a group led by Pittsburgh attorney Chuck Greenberg. The sale awaits approval from Major League Baseball.

Read more: http://www.cbc.ca/sports/hockey/story/2010/02/04/sp-hockey-stars-sale.html#ixzz0ebqFK8F5

[The Flying Pig]

Ahhhh,poor Tom!

[sidneyroughdiamond]

The Hicks family is hurting financially right now.  Defaulting on that 530 million USD loan is really bad.  I think the odds of him selling his half are more and more likely.

He ain't giving us up that easily im afraid.

[canuckkopite]

You'd think it's only a matter of time though.

[col64]

What ever happened to the `fit and proper test` ?
What a couple of shisters , and gillett brought him in because he had the money !!!

[rocco]

So whats the situation with the Texas Rangers is that on sale also on hold ?

[Robbie Styles]

Who gives a damn? Football is a joke nowadays anyway. It's all about money and lost all of it's essence. I'd support Liverpool even if we went bust and were demoted to the Beezer Homes League. But I'm through with all the stress and obsession with having to be first every year. Achievements built on which team has the bigger balance aren't real achievements. It's a joke that we are competing with the likes of Chelsea and Man City. An utter joke.

Spot on. I couldn't agree more!

[Dave_the_Red]

What ever happened to the `fit and proper test` ?
What a couple of shisters , and gillett brought him in because he had the money !!!

First I heard of the "fit and proper test" was when their ownership  was unravelling. "Fit and proper test" was brought in because of them.

[west_london_red]

First I heard of the "fit and proper test" was when their ownership  was unravelling. "Fit and proper test" was brought in because of them.

You only have to look at Portsmouth to see what a joke it it.

Better still, according to the fit and proper test, taking one club into administration does not exclude you from becoming a director or owner at another club. Its only if you do it twice that your actually banned!

[The Flying Pig]

So you've got to wreck TWO clubs before they stop you wrecking a third?

I suppose that accounts for Ridsdale at Cardiff.

[west_london_red]

So you've got to wreck TWO clubs before they stop you wrecking a third?

I suppose that accounts for Ridsdale at Cardiff.

Yep.

Ridsdale is the most high profile example that I know of.

[redmen77]

So you've got to wreck TWO clubs before they stop you wrecking a third?

I suppose that accounts for Ridsdale at Cardiff.

Osama Bin Laden would pass the FA's fit and proper test, the only ones who would fail are those convicted of fraud or banned directors and possibly suicide bombers (although their primary career path would make them a non starter anyway!).

[No666]

Looks like he's still over here.

Liverpool co-owner Tom Hicks could sell NHL team Dallas Stars
Tom Hicks, the financially strapped owner of the Dallas Stars, is exploring a possible sale of the NHL team.
 

The Hicks Sports Group said on Thursday it has retained Galatioto Sports Partners to look for new investors and explore the idea of selling a majority stake in the NHL team.

Team president Jeff Cogen said in a statement that Hicks had received "numerous" inquiries about the team, although he said a sale was not a certainty.

"Those potential investors recognize that the Stars are a success story," Cogen said. "It's a role model, especially for the Sun Belt teams."

Less than a year after defaulting on $525 million in loans backed by the Stars and baseball's Texas Rangers, Hicks has already agreed to sell the Rangers to a group led by Pittsburgh attorney Chuck Greenberg. The Rangers sale awaits approval from Major League Baseball, the NHL and the group of 40 lenders holding debt from the Hicks group.

Hicks also owns half of Liverpool in the English Premier League, and government officials there have expressed concern about the debt load tied up in that franchise.

A spokeswoman for Hicks said the owner was out of the country and unavailable for comment.

Hicks bought the Stars in 1996 from Norm Green, who had moved the team from Minneapolis three years earlier. Dallas won the Stanley Cup in 1999, sparking a home sellout streak that surpassed 200 games while interest in youth hockey blossomed through several Dallas-area ice rinks run by the Stars.

But Dallas lost momentum through the NHL's work stoppage in 2004-05 and had less playoff success. The Stars have made it out of the first round just once in the past five seasons. Home sellouts that used to be certain are now rare, and they are in danger of missing the playoffs in consecutive seasons for the first time since moving to Dallas.

Stars general manager Joe Nieuwendyk said the foundation of the team was still there.

"I believe it is positioned for greatness for many years because of the youth in our system, our tradition of winning, and we have an established and enthusiastic fan base," Nieuwendyk said.

http://www.telegraph.co.uk/sport/othersports/icehockey/7160429/Liverpool-co-owner-Tom-Hicks-could-sell-NHL-team-Dallas-Stars.html

[will2003]

See our government is concerned about LFC hopefully the can put pressure on them to sell.

[TepidT2O]

so the reason he's here is to escape from answering questions over him selling hishockey team.  Typical weasel attitude.

[peterb17]

a slight aside but does anybody think that junior's 'Blow Me F@?k Face'
response might actually have been due to the fact that the Hicks family are under severe financial pressure and he couldn't, at that moment in time handle any questions, no matter how reasonably put about our financial situation?

[TSC]

a slight aside but does anybody think that junior's 'Blow Me F@?k Face'
response might actually have been due to the fact that the Hicks family are under severe financial pressure and he couldn't, at that moment in time handle any questions, no matter how reasonably put about our financial situation?

Nah, he's simply a cnut.

[peterb17]

yeah your right

[Liverbird 2010]

I would prefer to see the headline Tom Hicks sells his Liverpool Share, rather than him selling his franchises in The States, these stories make me nervous that the arl c*nt will put all his eggs in one basket Liverpool F.C.

[Wabaloolah]

I don't think he has any eggs left to put in the basket though Lynds

[HarryLabrador]

I would prefer to see the headline Tom Hicks sells his Liverpool Share, rather than him selling his franchises in The States, these stories make me nervous that the arl c*nt will put all his eggs in one basket Liverpool F.C.

I really don't think he's ever going to do that. This is a man known for not ever spending his own money as capital. But more importantly, he has a partner whom he seriously cannot brush off that easily as it would cost him. He wants to sell, and I bet deep down he loathes us.

[Liverbird 2010]

I don't think he has any eggs left to put in the basket though Lynds

Lets hope so mate, maybe he is retirering from being an LBO merchant he needs to enjoy that money he has he doesnt look to healthy, he's not getting any younger why put yourself through so much hassle and not just enjoy the last few years of your life instead of being a greedy fucker, money isnt everything.

[Liverbird 2010]

I bet deep down he loathes us.

the feelings mutual 

[Lush is the best medicine...]

So you've got to wreck TWO clubs before they stop you wrecking a third?

I suppose that accounts for Ridsdale at Cardiff.

risdale didnt take leeds into administration though

[west_london_red]

Lets hope so mate, maybe he is retirering from being an LBO merchant he needs to enjoy that money he has he doesnt look to healthy, he's not getting any younger why put yourself through so much hassle and not just enjoy the last few years of your life instead of being a greedy fucker, money isnt everything.

You have to remember with these people its not just the money, its the thrill and the buzz. My mate works for a hedge fund, of which the owner paid himself $800 million plus the year before last, but he hasnt retired, he still works 15 hours a day and has no plans on quitting. They are a different animal to the likes of you and me. Most of us would put our feet up is we had £1 million, never mind tens or hundreds of millions.

[will2003]

You have to remember with these people its not just the money, its the thrill and the buzz. My mate works for a hedge fund, of which the owner paid himself $800 million plus the year before last, but he hasnt retired, he still works 15 hours a day and has no plans on quitting. They are a different animal to the likes of you and me. Most of us would put our feet up is we had £1 million, never mind tens or hundreds of millions.

He doesn't support LFC or want to invest in us does he?

[Crackerjack Sam]

Great he's sold the Rangers, but will use it to help finance our club? No he won't! He doesn't give a damn about LFC or the fans. The fact that this guy had to look us up on Wikipedia before making his decision to buy into this club, has never sat right  with me.