Dallas Stars and Texas Rangers owner Tom Hicks, facing increased debt pressures, has been funding operating losses for the teams out of an interest reserve that is part of the $525 million loan on which he defaulted on March 31, sources said.
That action has rankled the lenders who are waiting for the Rangers’ sales process to play out and who have not been paid interest since January. In addition, that interest reserve, totaling $17 million earlier this year, is almost depleted, according to several of the sources.
about 2 years ago
FormerLSBUser
2 comments
0 recs |
Comments
illegal-url-14
Fix it, and they will read and comment…
"Back on the scene, with a gangsta lean" RW
"When you have a weapon on your shoulder like he has, you can be cool." RW on Perez
And the little bastard threw it for a swinging strike three in a 3-2 count. He’s blessed. And ballsy.
too late
TCU Frogs- #3
"THAT WAS MY SPECIAL MONDAY MORNING TAPE, SPECIAL, FOR YOU!
It's fucking Monday afternoon, you should get out of bed earlier."
by FormerLSBUser on Dec 12, 2009 5:23 PM CST reply actions















