Tom Hicks, a prominent figure in Texas sports and former owner of the Texas Rangers and Dallas Stars, passed away on Saturday at the age of 79. Hicks played a significant role in shaping the sports landscape in Dallas-Fort Worth during his tenure in professional sports ownership.
A businessman with a background in private equity, Hicks acquired the Texas Rangers in 1998 and maintained ownership until 2010. His time with the franchise saw the team undergo significant changes, including the signing of high-profile players and an increased investment in operations. One of the most notable player acquisitions during his ownership was that of Alex Rodriguez in 2000, then the largest contract in Major League Baseball history.
Under Hicks’ leadership, the Rangers aimed to become a competitive force in the American League. While the team experienced challenges on the field and eventually filed for bankruptcy in 2010, Hicks remained a key figure in the business of the game. His ownership ended when a group led by Hall of Famer Nolan Ryan and Chuck Greenberg purchased the club later that year.
Hicks was also the owner of the NHL’s Dallas Stars, acquiring the team in 1995. During his time as owner, the Stars won the Stanley Cup in 1999, marking one of the high points of his involvement in professional sports. This victory remains a landmark moment in Dallas hockey history.
In addition to his roles in Dallas sports, Hicks was part of an investment group that owned the English Premier League club Liverpool FC from 2007 to 2010. His international sports investments broadened his portfolio and influence, although his tenure there was also marked by ownership challenges.
Tom Hicks’ legacy in professional sports is marked by ambitious moves and a desire to elevate the profile of the teams he owned. He is remembered for his business acumen and impact on the Texas sports scene. Further details regarding his passing were not immediately released.
