Levy To Handle Concessions At IMS Suh Signs With CAA Sports' Sexton ESPN Launches Wimbledon Poster Contest Organizers Up Security For L.A. Marathon MLS To Start Season With Replacement Refs Maryland Set For Final ACC Home Game Wolff Considering Temporary Bay Area Ballpark Classified Advertisements Famed MLB Surgeon Frank Jobe Dies At 88 U.S. World Cup Tune-Up A Coup For Jacksonville
SBD/Issue 138/FranchisesPrint All
Hicks' Company Has Stopped Making
Interest-Only Payments On Loans
NO CAUSE FOR CONCERN: Hicks said, "We're doing this to get everybody's attention so they'll make a decision and cooperate with us. This is really between me and the banks and the lenders to HSG" (FT. WORTH STAR-TELEGRAM, 4/4). Hicks in an e-mail also said, "There is no possibility of banks owning the teams" (STAR-TELEGRAM.com, 4/3). In addition, the NHL said that it is "not worried about the future" of the Stars. NHL Deputy Commissioner Bill Daly in an e-mail said, "We have no concerns about the Stars' ability to carry on." Daly indicated that the NHL is "not helping Hicks find new investors for the Stars" (GLOBE & MAIL, 4/4). Meanwhile, Hicks did confirm that he is "seeking buyers for a minority stake" in both the Stars and Rangers. Hicks: "We continue to interview prospective partners for the team, and we are optimistic because these are two strong long-term investments for the right people" (FINALTERNATIVES.com, 4/3). Hicks, who owns 95% of both teams, last week said that he was willing to let prospective partners purchase up to 49% of each club. Hicks Friday said, "I'm bringing in minority partners, so I can pay off the loans. I wouldn't normally do that. In this particular environment, that's what we should do" (AP, 4/4).
Lightning Can Expect To Receive Up
To $14M From NHL Revenue Sharing