Stars Sale Denied
Hicks focused on Rangers sale
By ERIC KREINDLER
Updated 5:32 PM CST, Tue, Oct 27, 2009
Tom Hicks may be looking to unload the Texas Rangers and the Dallas Stars to lessen his financial strain.
Canada's Globe and Mail reported Tuesday that Hicks's problems are severe enough that the Stars will be sold, too, once the Rangers sale is completed.
The report said buyers are already positioning themselves with a Calgary businessman at the front of any possible purchase. Oil-and-gas tycoon Bill Gallacher, chairman of Athabasca Oil Sands Corp. and managing director of Avenir Capital Corp., a private equity firm. Gallacher also owns the WHL's Portland Winter Hawks and said he is interested in owning and NHL team. "I have had no specific discussions about any team," Gallacher said.
Hicks told ESPNDallas reporter Richard Durrett, "That's not going to happen," Hicks said. "The Rangers process, however that comes out, will take care of HSG's needs. The Stars are not part of that. They are not for sale."
Tom Hicks and the Rangers top brass met with several groups that have expressed interest in purchasing the Texas Rangers.
Hicks hopes to complete the sale soon.
First Published: Oct 27, 2009 5:19 PM CST
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