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WHAT'S IN THE STARS FOR NORM GREEN? LENDERS SAY, "SELL!"
Published June 23, 1995
Sources close to the situation say Stars Owner Norman Green is being "pressured" to sell part of his team by the end of June, or his lenders might "take action," according to the DALLAS MORNING NEWS. Green is in the process of trying to sell 50% of the Stars to a Dallas investor group for $40M, which would go to pay the debts he owes several lenders. An investment group led by Dallas financier Thomas Hicks is the "most likely" to become Green's partner and Monday met with NHL Commissioner Gary Bettman, who is eager to resolve the matter to avoid any further involvement by lenders, which would be "embarrassing" to the league (Richard Oppel & Terry Egan, DALLAS MORNING NEWS, 6/23).