Although it looks like Josh Hamilton isn't totally ready to stake his future in the Texas Rangers, that doesn't mean team owner Tom Hicks is going to stop his search for somebody to take some of the team off of his hands. While Hicks, who also owns the NHL's Dallas Stars and 50 percent of the English Premier League's Liverpool FC, isn't exactly bleeding money at the moment, he does see selling some of his share during these times to be prudent.
Hicks says that during times like these you want to "reduce your debt and diversify your investments" and there's no better way to do that than by finding somebody who is looking to take on debt while diversifying their investments during times like these.
"I'm looking quietly, and have been for the last four or five months, for minority investors to come back into to the Rangers at the new value of the club as a way to be prudent about the economy," said Hicks.
"It doesn't really change anything. If you look at all sports teams today, because some of them have gotten so large, most of them are owned by partnerships."
Now Hicks isn't looking to give up control of any of his teams, so the most you can buy is 49 percent of the club, and you can only buy one. So you better think it through before you do anything.
As for some of the investors Hicks has thought about, former President George W. Bush's name has come up, but Hicks doesn't see that as being a real possibility. Team President Nolan Ryan, on the other hand, could be a candidate.
"Tom had mentioned that he would like me in the ownership group," said Ryan, who co-owns two minor league teams with Houston businessman Don Sanders.
"If there was going to be a deal put together, I'd probably have my opportunity to invest if I wanted to. I don't anticipate anything happening immediately. These things take some time."
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Personally I think FanHouse should pool it's money together and buy a stake of the team, if only for the chance to tell Michael Young he has to change positions again so I can put Pat Lackey at third. That should go over real well.
Minority Ownership of Rangers for Sale originally appeared on MLB FanHouse on Thu, 26 Mar 2009 12:35:00 EST . Please see our terms for use of feeds.
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