Friday, 22 August 2014
Last updated 15 hours 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.
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note