Hicks on the hook for another $50m - no upgrades in Texas
As you may be aware, Tom Hicks, owner of the Texas Rangers, is also co-owner of Liverpool FC in the English Premier League.
This duplicitous turd bought his share in the club by mortgaging it up to the hilt with his co-conspriator George Gillett and the terms of that loan were due today. Fortunately for Angels fans (less fortunately for Liverpool fans, who were hoping that the loan would be foreclosed on and the club sold to someone with the team's best interests at heart), the terms of the loan were renegotiated on the condition that Hicks and Gillett stump up a further £60 million ($100 million) this year - 2/3 now, 1/3 later.
The up-shot of this all being that Hicks, who has had more difficulty raising the cash, is unlikely to be a buyer between now and the trade deadline unless the Rangers can unload payroll.
3 months ago
The Limey
4 comments
0 recs |
Email
PrintComments
Selig might just give Hicks more money.
I don’t completely understand why he did it the first time, so I wouldn’t understand if they did it again.
Let's do this for Nick Adenhart, Courtney Stewart, and Henry Pearson.
by AlanFalcon on Jul 27, 2009 10:27 AM PDT reply actions 0 recs
According to Heyman
Selig said in a phone interview that teams are free to do what they see fit. That includes Texas, which was bailed out in two straight pay periods by the commissioner’s office, according to sources.
Interesting that they can’t make payroll. I would think they couldn’t add more salary either
“(Hicks) can’t be involved in this. He just has too much pride to tell his front office,” said an executive with another team interested in Halladay.
Play Wood already. Willits sucks.
by hauldog on Jul 27, 2009 10:40 AM PDT reply actions 0 recs
And here I thought conservatives (Selig, Texans) were against bailouts all along.
Mike Napoli speaks softly and carries a big stick.
by 44FAN on Jul 27, 2009 2:08 PM PDT up reply actions 0 recs
Comments For This Post Are Closed
Secondary Sidebar
User Tools
FanPosts
Community blog posts and discussion.
Certain photos copyright © 2009 by Associated Press or Getty Images. Any commercial use or distribution without the express written consent of Associated Press and Getty Images is strictly prohibited.
