Last Hicks Team To Be Sold

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of