Red Sox Willing To Go Over Luxury Tax Threshold NHL, NHLPA Aim For Big Money World Cup Hurricanes Seeing Smaller Crowds So Far Orlando City's Rawlins Still A Fan First Columbus Approves $250,000 For All-Star Game Franchise Notes Reds Upgrading GABP Ahead Of All-Star Game Red Sox Spend Big With Ramirez, Sandoval Wayne Gretzky Returns To IMG Flames Close To Arena Announcement?
POWER PLAYER TOM HICKS IS SPORTS FLAVOR OF THE MONTH
Published May 27, 1998
Stars Owner Tom Hicks "expects" MLB to approve his purchase of the Rangers at a June 12 owners' meeting in Seattle, an action that will allow him "to proceed with his plans to assemble his sports assets into one company," according to Alm & Kirkpatrick of the DALLAS MORNING NEWS. Hicks said that he "still intends to package" the Rangers, Stars, an "as-yet-to-be-created [RSN] and perhaps other assets into a public company." The company will "be financed privately initially" but Hicks said "[a]t the right time, we'll consider accessing the public so our fans can own some of the teams with us." An IPO "may" come in the next 12-36 months (DALLAS MORNING NEWS, 5/23). In Toronto, Damien Cox called the Stars "one of the NHL big boys now," and that if Hicks "has his way, they'll soon be a giant." (TORONTO STAR, 5/25). In Ft. Worth, Simon Gonzalez wrote that the Stars have sold out every playoff game thus far and are the "hottest thing around." Stars President Jim Lites said "if [TV] and attendance are indicators," the team is "getting closer to" the MLB Rangers in popularity, and is "past basketball, by a long shot" (STAR-TELEGRAM, 5/26). WHO'S DOING HIS PR? In N.Y., Carlos Tejada wrote that Hicks' new consolidated sports company "would seek advertising with the promise of a national network of radio and [TV] outlets and possibly billboards," and would "give the laconic Mr. Hicks an impressive sports and media empire" (WALL STREET JOURNAL, 5/26). Hicks was also profiled by Allen Myerson of the N.Y. TIMES, who wrote that Hicks "has transformed" the Stars into a Stanley Cup contender, and "plans to pit" Fox against Disney/ESPN "[t]o compete for rights to carry" the Rangers and Stars on cable through a partnership with his planned RSN (N.Y. TIMES, 5/25).