From Impact News, April 6, 2009...
Hicks Sports Group, which owns the Dallas Stars, the Texas Rangers and Cedar Park Center partner Hicks Sports Marketing, intentionally defaulted March 31 on $525 million in loans.
Hicks Sports Group, which owns the Dallas Stars, the Texas Rangers and Cedar Park Center partner Hicks Sports Marketing, intentionally defaulted March 31 on $525 million in loans.
Owner Thomas Hicks told The Associated Press he made the move in an effort to negotiate with lenders.
The loans in question are related to the Stars and the Rangers. HSG stated in a press release that it is involved in negotiations with the lenders regarding debt terms and covenants.
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