Monday, 30 November 2015
Last updated 2 days ago
Nov 18 2011 | 2:29am ET
The final piece of private equity legend Tom Hicks' sporting empire is set to be sold off today.
The National Hockey League's Board of Governors has approved the sale of Hicks' Dallas Stars to Canadian businessman Tom Gaglardi. Gaglardi had already made peace with Monarch Alternative Capital, which took over the Hicks Sports Group in the wake of its default on $525 million in debt.
The prepackaged bankruptcy plan submitted by Monarch is expected to be approved by a judge today.
Monarch wreaked havoc on Hicks' plans to sell the Texas Rangers baseball team. Hicks has also been forced to sell his interest in British soccer team Liverpool Football Club.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…