Hello Bankruptcy, Goodbye Tom Hicks

The Texas Rangers can finally start to close the book on the Tom Hicks era of baseball in the metroplex. The inability of Tom Hicks and his team to reach an agreement with their lenders forced MLB to move in and force the team into bankruptcy protection. None the less progress is finally being made and the new ownership is supposed to step in by the middle of the summer. The only positive to come out of this is the fact that the Rangers are no longer owned by Tom Hicks.

If it takes a Texas Rangers Bankruptcy to force this sale and get the team of a meager budget that threatens to handcuff the team again this season at the trade deadline I am all for it. The team may still be handcuffed at the trade deadline because of the Rangers Bankruptcy, but at least we know we won’t be losing anymore first round draft picks this summer because Tom Hicks is a financial doucher.

The only reason that I am not more excited about the teams sale is because of after watching how messy this got before finally a Texas Rangers Bankruptcy forced the sale of the team is knowing that the Dallas Stars are about to go through the same thing. Hopefully the Hicks and his band of village idiots will be able to learn something from this process, but I doubt it because no matter what they say, it will always be about the bottom line not the team.

Rangers Ownership Situation: This Could Get Ugly

I have published a few posts on the different situations that may play out for the Texas Rangers ownership situation and it looks like the worst situation won. This however should not be a surprise when you look at how big of a moron the current owner Tom Hicks is. The Rangers situation has gotten so bad under Hicks that the latest offer to the over 40 lenders was rejected again.

Don’t Blame the Lenders
You can’t get mad at the lenders for rejecting the deal again, if you think about it why would they accept pennies on the dollar. Each lender entered into an agreement with the Hicks Sports Group and the terms of their agreements were broken by HSG and because of that they are now being offered less money than their original agreement was worth. Hardly seems fair, but when you lend money to a moron like Hicks or a sports team in general you are playing with fire.

What Now?
Bud Selig and MLB have had enough of Tom Hicks, who doesn’t want the deal to go through because he found a more lucrative opportunity after he entered into an exclusive agreement with the group headed by Nolan Ryan and Chuck Greenberg. The law is on MLB’s side as well, with precedence being set recently with the Phoenix Coyotes. The rumor is that MLB will take over the Rangers by the end of this week, which conveniently is the week of the owners meetings.

The latest round of Tom Hicks Douchery

So now Tom Hicks has found a better deal and is trying to use his powers of douchery to ruin the current deal. I never thought I would say this but thank the good lord for Bud Selig the commish of MLB for T-bagging Tom Hicks and telling him to shut the F up and sit down.

Here are the facts from Evan Grant’s post: As the sale turns: The latest drama on Rangers sale

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Rangers Sale Update

As of today the sale of the Texas Rangers is on hold because the lenders are not happy with the amount of money they will receive. Another problem that could be making this worse is the rumor that Tom Hicks is trying to walk away with money from the sale of the Texas Rangers. Why am I writing about this? again? because I am really pissed off about this whole situation, we have been lied to repeatedly about when the sale will be final.

First the sale of the Texas Rangers was going to be completed by the beginning of the season, and then it was delayed a bit, but don’t worry it will be done soon. Then the latest deadline was the 19th, today, I heard Nolan say that the lenders haven’t agreed to the deal, which means that the sale won’t be final. There has even been talk that the team will have no choice but to file bankruptcy.

This really sucks because the only people that are suffering from Tom Hicks broke ass business practices are the team and the fans. This offseason could have set the Rangers up to have the season that the team advertised, but instead we have huge holes on out bench at the reserve infield and outfield positions.

Hopefully the lenders will agree to a deal soon, but can you really blame them for wanting their money back. I mean the doucher (Tom Hicks) borrowed the money and it should be repaid, and the team is paying the price because he is a broke ass. If only Mark Cuban could buy the Rangers and the Stars, how awesome would that be. As a warning to all the hockey fans, the Stars sale could be just as ugly…

Tom Hicks Broke: Dallas Stars are Next

Surprise, Surprise Tom Hicks has less money than he led on… again! Now it looks like ol’ Tom needs to either sell the Dallas Stars or at least find some investors. The comments coming out of the Hicks camp sound very similar to those made before the sale of the Rangers.

Anyway the city of Dallas is one step closer to the possibility of having its major sports teams not owned by someone whose talent seems to be losing money and running teams into the ground.

Tom Hicks was not all bad though, he did help build rinks in the Dallas area that have allowed hockey to grow in the Dallas Metroplex. However it is clear that some bad investment decisions are handcuffing his already limited ability as a professional sports team owner.

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