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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).