Tag Archives: Texas Rangers

Hicks can’t meet payroll in Texas

I am not a big Tom Hicks fan at all so seeing him struggle to meet payroll is a kind of fun.

Major League Baseball within the last week loaned millions to Tom Hicks, the evidently cash-strapped owner of the Texas Rangers, and will continue to offer financial assistance to Hicks until he is able to sell the team, a major league source with direct knowledge of the situation told Yahoo! Sports on Thursday.

“He won’t be running the team much longer,” the source said. “Major League Baseball is helping him through this until someone else can be put in place to run the club.”

Of course the question is what impact will this have on Liverpool FC and the Dallas Stars.  The articles talks about his massive personal wealth but when you look at the debt that he has, it doesn’t look good for the future of his sports empire.