Thursday, November 18, 2010

Why won't anyone buy Tom Hicks' hockey team?

It really can't improve prospects for a Dallas Stars sale when everyone's still in court re-hashing the bankruptcy of his baseball team: "As a condition of [Major League Baseball's] loaning the Rangers $15 million in June 2009 to meet payroll...Hicks agreed to finalize the sale of the team in order to ensure repayment. And when Hicks asked for another $25 million in November to address an 'additional cash flow shortage,' MLB insisted that Hicks select a winning bid by December 15 because there seemed to be no sense of urgency on his part....'Tom Hicks appeared to use the bidding process merely as an avenue to solicit members of the various bidding groups to provide funding to him so that he might retain control of the club.'"

Then there's the Liverpool soccer team, the sale of which Tom Hicks wrecked so completely that it left his business partner's NASCAR team facing bankruptcy too. Seriously. And fittingly, while team payments were delayed, haulers were stuck in Texas.

Good news, though! Mark Cuban is interested in the Stars. Wait! Didn't he try to bid on the Rangers? But in such a weird, half-assed way, everyone -- or just me? -- wondered afterwards just what the hell he was up to? Related?

Oh I don't know. It's all pretty messed up. Maybe, when everything's taken into account, we need to be very, very thankful for Jerry Jones.

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