Sunday, 1 February 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…