Advertisement

Texas News

News > Texas News > Rangers, Stars owner Hicks eager to exit pro sports

Rangers, Stars owner Hicks eager to exit pro sports

Tom Hicks said he stands to lose "a couple hundred million" dollars on the Texas Rangers and Dallas Stars, but he expects to make it up when he sells his stake in a leading English soccer team.  He also said he will be glad to exit the professional sports business.   "It's never been my primary business," he said in an interview Tuesday with The Dallas Morning News. "And it's a business I no longer want to pay the price to be in."

One thing he won't miss is the publicity that comes with owning pro sports teams, he said.  "It's a brutal invasion of privacy," he said.  Hicks is embroiled in a controversial sale of the Texas Rangers, and the outcome is far from certain.  The team filed for Chapter 11 bankruptcy protection Monday, saying it aimed to expedite a sale to an investor group headed by Pittsburgh attorney Chuck Greenberg and Rangers president Nolan Ryan.

http://basestation2.emmisinteractive.com/_Shared/Channels/Admin/StoryRTE...
(Credit: Shutterstock) The statewide gas price average in Texas is $2.32 for a gallon of regular unleaded fuel,...
In conjunction with National School Bus Safety Week (Oct. 16-20), the Texas Department of Public Safety (DPS) is...
U.S. Sens. Ted Cruz (R-Texas) and John Cornyn (R-Texas) sent a letter to Amazon CEO Jeff Bezos today making the...
(Credit: Texas Attorney General's Office) Attorney General Ken Paxton today released the following statement...
A bump stock installed on an AR-15 rifle | Getty Images | Jim Watson Senator John Cornyn is among several Senators...