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Tom Hicks confirms reports he is willing to sell up to 49% of Dallas Stars

This is a follow up to yesterday's FanPost by Gravypan, linking to a TSN.ca story about Tom Hicks looking to sell portions of the Dallas Stars' interests.

Evan Grant over at the very excellent Inside Corner has confirmation from Tom Hicks on reports that is willing to find investors to buy a large portion of the Dallas Stars and Texas Rangers.

“I look at it as a way to improve things in a bad economy,” Hicks said. “It’s something we’ve been looking at quietly for the last couple of months. I don’t think it’s a big deal.”

Any deal for part of the Rangers or Stars would not include any portion of Hicks’ 50-percent control of Liverpool Football Club, the English Premier League soccer team in which he shares ownership with Montreal Canadiens owner George Gillett. Locked in a standoff with his partner, Hicks can’t afford to sell any portion of the team or risk turning himself into a minority owner.

It's important to note that Tom Hicks assured Grant that any deal would not have any impact on either club's payroll. There was a report a few days ago that Hicks was looking at cutting the Rangers' payroll by nearly $20 million; Hicks has since stated that this is not true.

While any deal should not directly affect the daily operations of the Stars or Rangers, it is an interesting development for an owner whom most fans are unhappy with his attitude towards his stateside teams, especially the Rangers. Granted, Hicks' hands off style has allowed the Stars' G.M.s to build the team in a consistently successful team (this year nonwithstanding). However, there are some (including me) that wish Hicks would take more of a personal interest in his teams and not just treat them as a business investment.

It will be interesting to see how much of an interest he get from potential investors. I'm in for a few dollars.

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In Fairness to Hicks
There was a report a few days ago that Hicks was looking at cutting the Rangers’ payroll by nearly $20 million; Hicks has since stated that this is not true.

Blame that on a Star-Telegram headline writer, as Jamey Newberg so succinctly pointed out today.

Defending Big D an SBN Dallas Stars Blog | TheStarsFans

by Brandon Bibb on Mar 25, 2009 10:00 PM CDT reply actions  

Thanks for pointing that out.

Missed that yesterday.

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by Brandon Worley on Mar 25, 2009 10:07 PM CDT up reply actions  

I dunno man

I’m pretty unhappy with his attitude towards the Rangers. I don’t see how the owner effects things in hockey as much as in baseball.

by hiafex on Mar 25, 2009 10:25 PM CDT reply actions  

While any deal should not directly affect the daily operations of the Stars or Rangers, it is an interesting development for an owner whom most fans are unhappy with his attitude towards his stateside teams, especially the Stars.

What is there to be upset about regarding his handling of the Stars? Should we as fans be ticked off he’s repeatedly gone out and spent money to get players here, should we riot in the streets over his shelling out his money to help grow the game in the area or should we threaten legal action over his insistence on keeping staff payroll quite high to attract quality scouts and coaches?

by Chad_ on Mar 26, 2009 12:50 AM CDT reply actions  

That was meant to say the Rangers. Fixed now.

However, I’m still of the opinion that Hicks is sometimes more concerned with other investments and not the Stars or Rangers. When you own THREE major sports franchises, there is going to be a drop in personal involvement. It would just be nice to have an owner who is more than just a guy cutting checks, one who is emotionally involved in the games, one who you see cheering up in the boxes. Maybe an owner somewhere between Hicks and Jerry Jones.

That being said, Hicks is still willing to try and build a team. He has definitely doled out some serious cash for free agents, both for the Rangers and the Stars. So he isn’t just a stagnant owner. I’m just asking for some emotion.

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by Brandon Worley on Mar 26, 2009 10:14 AM CDT up reply actions  

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