Tom Hicks open to selling a majority share of Texas Rangers

this does brighten our day after a tough loss.

But nolan himself doesn’t actually have all that much money does he?

Randy Galloway is a hack and I hope he contracts syphilis.

Galloway says that he thinks that Hicks values the team at $600 mill, but nobody would buy it… Your right, but would somebody or some group buy $450 mill of the team, or 75%, yes they would. I guarantee there are at least a couple offers in this vacinity right now.

The other thing that I smell about this whole thing is that I bet the Rangers everyday operating costs are not going to be met as things are right now. I bet this team is financially in more trouble than we have been led to believe.

True businessman- selling high.

?

aren’t the Tom Hicks Rangers

Who says that he may be in the mix for this

for there not to be something to this. For once I agree with Galloway that I bet something significant happens before the end of the season. It would seem like an odd time to sell, though. Even though the economy is in the tank still it will more than likely rebound in the next couple years. Plus this is a franchise that is on the uptick. If we start winning in the next couple years, wouldn’t the value only increase. If Hicks is looking to get out now then his financial problems must be more significant than anyone has let on.

I think he is in more financial trouble than we have been led to believe.

there are many ways this could turn out badly for the fans. No guarantee that a new owner would be less stupid than Hicks. We can hope that if Ryan gets control he would be as positive in the long run as he has so far, but we just don’t know.

Longoria is so gifted at the plate, he takes batting practice against a machine that fires tennis balls — some of them marked with a black spot, some with a red spot — up to 150 mph. At 100 mph, he can identify the color of the ball that’s coming, then will hit the black ball to the opposite field, and pull the red ball.

He doesnt have the capitol as it is now… Im sure also that a lot of his money has been invested in the recent upgrades to the Hooks stadium in CC, as well as much of his liquidity in both of those clubs everyday processes.

Could Nolan be part of a group, sure. Would he be the primary stock holder in the group, no. Probably not close either.

My guess here is that Hicks ends up selling to a bunch of small individual owners, somewhere around 40-60% of the team, spreading out some debt and raising some new capitol and then when he sells Liverpool, which I almost guarantee he will very soon, he will be in a much better situation financially to regain control of the Rangers. What would make me very happy is if he sells the Stars outright, and invests solely in the Rangers as his big league team. He could buy back the team from his partners again, and then the Hicks family will hold the team forever. Im serious here, I like Hicks as owner. I would much rather have him than some guy that has a total worth of $700 mill and buys the team and is scrambling to meet interest payments and cant invest in the teams needs such as ballpark upgrades and scouting and development costs.

In London, Mike Norrish reports Hicks and Gillett reportedly by January have to repay a US$536.6M loan to RBS and Wachovia. Harris said, “What normally happens in business is, if the banks won’t finance, you have to raise equity.”

English Premier League (EPL) club Liverpool FC co-Owners Tom Hicks and George Gillett have been “granted a six-month period of grace to repay” their US$511.5M loan to the team’s lenders, Wachovia and the Royal Bank of Scotland (RBS), according to Matt Scott of the Manchester GUARDIAN. The loans, provided in January ‘08 as "’working capital’ to run Liverpool" and including US$87.5M toward construction of a new stadium, were due to be repaid or refinanced by January 25, but the banks have “deferred the deadline.” The deferral came “following a written request” from Hicks and Gillett, and a new deadline has been set for July 24. Scott notes while this provides “breathing space in the short term, it is unclear how RBS-Wachovia will deal with the loan in the summer.” City of Liverpool sources expect that “even if RBS-Wachovia agree to renegotiate the debt in July they are likely to demand a very large fee, which will further increase Liverpool’s indebtedness” (Manchester GUARDIAN, 1/6).

so the guy has 2 months to come up with 1/2 billion dollars or risk losing LFC, the rangers are worth about a half billion dollars…

coincidence that he’s selling the Texas Rangers? Surely not, right?

I can finally start loving the Rangers again. Sweet!!