Per Evan Grant: Rangers/Stars owner Tom Hicks said he is asking bank lenders “to be reasonable” regarding the interest payment on more than $500 million in loans relating to the two clubs and the assets of Hicks Sports Group. Read the rest of the article here.
“A financial website, citing unnamed sources, reported Friday morning that Hicks defaulted on a $350 million bank term loan, $100 million second-lien loan and a $75 million revolving credit facility.” Here is the article.
If this is true and both the Stars and Rangers go to foreclosure things will be very interesting this summer. Hicks is currently trying to sell minority interest in the Rangers as we speak but this might force him to sell the majority just to get out from under these loans. David McDavid as an owner?
“A financial website, citing unnamed sources, reported Friday morning that Hicks defaulted on a $350 million bank term loan, $100 million second-lien loan and a $75 million revolving credit facility.” Here is the article.
If this is true and both the Stars and Rangers go to foreclosure things will be very interesting this summer. Hicks is currently trying to sell minority interest in the Rangers as we speak but this might force him to sell the majority just to get out from under these loans. David McDavid as an owner?
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