Tom Hicks Wiki
Tom Hicks (Full name- Thomas Ollis Hicks Sr.) is an American private equity investor and sports team owner who was born on February 7, 1946, Port Arthur, Texas, U.S. Forbes magazine estimated Hicks’ wealth at $1 billion in 2009, but there was a significant drop in 2010 to $700 million. Hicks previously owned 50% of the English football club Liverpool F.C. and also the co-founder of the investment firm, Hicks, Muse, Tate & Furst.
Tom Hicks Biography
Tom Hicks is the chairman of Hicks Holdings LLC which formerly owned the Texas Rangers, the Dallas Stars, and the Mesquite Championship Rodeo and currently which owns and operates Hicks Sports Group. Hicks was forced to sell the Rangers and Liverpool to satisfy his creditors in 2010, and the Dallas Stars went into bankruptcy the following year.
Tom Hicks Age
Hicks was born on February 7, 1946, Port Arthur, Texas, U.S. In 1968, Hicks received his Bachelor’s degree in Finance from the University of Texas. He then went on to received his MBA from the University of Southern California in 1970.
Tom Hicks Family
Tom Hicks was born to a Texas radio station owner in Port Arthur, Texas. However, he has a brother named Mack Steven Hicks.
Tom Hicks Wife
There is no information with regards to Hick’s marriage life.
Tom Hicks Children
Tom has two sons Thomas O. Hicks Jr. and Mack Hicks.
Tom Hicks Salary
Tom’s salary is estimated to be between $50k to $100k per year.
Tom Hicks Net Worth
Tom Hicks is an American leveraged buyout businessman and former professional sports team owner. He has been involved in multi-million dollar deals for the most part of his life since the 1980s. Hicks has an estimated net worth of $1 billion dollars.
Tom Hicks Dallas Stars
In December 1995, Hicks contracted to purchase the National Hockey League (NHL) franchise, Dallas Stars, from Norman Green. In December 1995, Hicks bought the Dallas Stars for $82 million. He served as the Stars’ Chairman of the Board and the club’s representative on the NHL Board of Governors during his tenure as owner of the club. Hicks played an instrumental role in the development and planning of American Airlines Center.
The Stars won seven division titles, two Western Conference crowns, two Presidents’ Trophies (as the team with the best regular season record), two consecutive trips to the Stanley Cup Finals and the 1999 Stanley Cup Championship under Hicks’ ownership. Hicks’ company defaulted on $525 million in bank loans backed by the Stars in April 2010, and a 50% interest in the American Airlines Center.
Lenders voted to agree to have the Stars file for bankruptcy and sold at auction on September 13, 2011. A bankruptcy court judge approved a bid by Vancouver businessman and Kamloops Blazers owner Tom Gaglardi on November 22, 2011, to buy the team for $240 million.
Tom Hicks Baseball | Texas Rangers
Hicks bought the Texas Rangers of Major League Baseball’s American League in June 1998, from George W. Bush. The Rangers won the American League West Division crown in 1998 and 1999 under Hicks’ ownership, but failed to deliver a World Series.
Tom Hicks made headlines across all MLB when he personally negotiated and signed shortstop Alex Rodriguez to the biggest contract in MLB history at that time; a ten-year, $252 million deal at the December 2000 winter meetings. The contract later turned out to be a big blunder for Hicks as it severely limited Rangers’ ability to sign other players. Hicks pointed to the blockbuster contract years later, as “one of his biggest regrets”.
It was announced on January 23, 2010, that Tom Hicks had agreed to sell the Rangers to a group led by Chuck Greenberg and Nolan Ryan. He would have been a minority share holder in the new ownership group.
Tom Hicks Jr
Mr. Thomas O. Hicks, Jr., known as Tommy, is a Partner and Managing Director at Hicks Equity Partners LLC. Mr. Hicks is a Partner at Hicks Holding LLC and joined it at its inception in 2005. He is also a Partner at Hicks Trans American Partners, LLC. He has been Vice President and Secretary at Hicks Acquisition Company II, Inc. since 2005. Mr. Hicks served as an Executive Vice President at Hicks Sports Group, LLC. He served as Secretary and Vice President of Resolute
Tom Hicks Liverpool
It was made known, through the English press, that Tom Hicks was involved in a consortium with one-time friend and Montreal Canadiens owner George N. Gillett Jr. on February 1, 2007, to purchase English Premier League club Liverpool F.C. After Dubai International Capital (DIC) withdrew their bid, this takeover proposal by Hicks and Gillett was believed to be the front-runner. Hicks and Gillett’s joint offer for Liverpool was formally accepted on February 6, 2007, valuing the club at £218.9 million ($432.9M) (£5,000 per share and £44.8M in debt).
Liverpool Fc followed in the footsteps of Aston Villa and Manchester United by becoming the third Premier League club to be acquired by American businessmen. Hicks vowed to build a new stadium for the club at Stanley Park Stadium and stated his foremost priority as winning silverware. Alterations were made to the already existing stadium plans but the stadium was never actualized.
Hicks became extremely unpopular among Liverpool fans for his failure to deliver on the promise that no debt would be placed onto the club and the promise of a new stadium and for his allegedly misleading statements about planned and past investment in players.
Later it was reported Gillett had fallen out with Hicks and he subsequently kept silent over his dealings with the club. It was reported that Gillett had agreed to sell 98% of his Liverpool stock to DIC on March 7, 2008, but Hicks blocked the sale. After succumbing to pressure from Liverpool fans, the club was put up for sale on March 7, 2008.
Tom Hicks lost ownership of Liverpool on October 15, 2010. The club was sold to New England Sports Ventures (NESV) despite numerous attempts to prevent it, for a fee, which was far below Hicks’ valuation of “between £600M and £1 billion(B)”, believed to be around £300 million. Hicks is pursuing a (max.) £1 billion suit against NESV and Kop Holdings for damages, claiming that, he had been the victim of an epic swindle.
Liverpool won the UEFA Champions League in 2005 and the FA Cup in 2006 under manager Rafael Benítez in the two years before Tom Hicks and Gillett took control of the club. The club did not win a single trophy in the three-and-a-half years in which Hicks and Gillett owned the club, and at the time they left Liverpool the club were in the relegation zone of the Premier League standings.