Last Hicks Team To Be Sold

Nov 18 2011 | 3:29am 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.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of