Kukla's Korner Hockey
Hicks Denies that Dallas Stars Could be “Repossessed” by Bank
by Alanah McGinley on 04/03/09 at 01:48 PM ET
Comments (0)
Earlier today, a website called FINalternatives reported that “Tom Hicks’ sports team holding company has defaulted on more than $500 million in loans.”
Jim Boardman at Anfield Road provides more info:
The news has clearly come as a surprise to the press in Dallas, who are continuously updating their websites with any information they can get. In The Star Telegram’s report of the story they say Hicks has been in touch by email, denying that the two teams could be repossessed: “There is no possibility of banks owning the teams.”
Hicks said that both the NHL and MLB (the two leagues his Hockey and Baseball teams play in) are helping him to find alternative investment but that he will pay their bills himself in the meantime: “I am working closely with both leagues to find quality partners that share my long term vision of building these two great franchises. I will continue to fund the teams’ operations. I am the largest creditor to HSG and need 51 percent of the banks to agree with my plan.”
Full story here.
Filed in: NHL Teams, Dallas Stars | KK Hockey | Permalink
Comments
Be the first to comment.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.
Captchas bug you? Join KK or log in and you won't have to bother.
Commenting is not available in this weblog entry.
Most Recent Blog Posts
Open Post- Rangers/Devils Game 6 Eastern Conference Finals
NHL Network And NHL.com Stanley Cup Final Coverage
Rick Dudley Named Assistant GM In Montreal
A Slap On The Wrist For The Coyotes?
John Davidson Wants To Stay In St. Louis, But Will He?
About KK Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at .(JavaScript must be enabled to view this email address)
Make extra cash while playing online poker. Rakeback is free and comes with rake races.
Kukla’s Korner is always a free service for readers, but it costs some money to maintain. If you’re ever in a position to donate a few dollars to help out, we’d be very appreciative.