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Hicks Loaned $85M To Help HSG With Debt, Now Must Monetize Clubs
Published February 9, 2010
|Hicks Has Retained Galatioto
To Study Sale Of The Stars
PARTING SHOTS: Hicks yesterday also said that a sale of the Stars "could be completed within six months." He indicated that the Stars will "reduce ticket prices next season for lower-bowl seats between the blue lines," and stressed that the team "can be successfully under its current budget, and fans shouldn't expect a new owner to increase the payroll." Meanwhile, Hicks said that the timeline for the completion of the Rangers sale "is around Opening Day, assuming HSG's 40 lenders and Major League Baseball approve the deal." Hicks: "We wanted to do the Rangers first and then understand how much needed to be done with the Stars." He also reiterated that his investment in EPL club Liverpool is "unrelated to the Stars or Rangers" (ESPNDALLAS.com, 2/8).