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.aspx?Flag=Add&ID=3352

Taboola Teaser

A Pokestop in Killeen is raising eyebrows. That's because the stop is the site of the Luby's massacre, one of the...
Pokemon Go has emerged as one of the most popular smartphone apps encouraging children and adults to pursue over a...
A Texas man who acted as a secret agent for the Russian government and illegally exported cutting-edge military...
Houston's police chief says the officers who shot a black man earlier this month followed department policy when...
DPS officials said they monitor events that may involve a public safety aspect across the state, nation and world...