Tom Hicks: Rangers, Stars Are "Two Strong Long-Term Investments for the Right People."
At long last, the LeMaster Group has sent the long-awaited Official Response from Hicks Sports Group concerning the report that the owner of the Texas Rangers and Dallas Stars defaulted earlier this week on $525 million in loans. The upshot: Hicks decided not to pay interest due on HSG's debts because, look, he's hoping to get better terms on $515 million in loans because, hey, the economy sucks right now and, well, maybe you'd like to buy a piece of the team. Anyone wanna go halvsies? The entire release, for your reading pleasure:
Hicks Sports Group Release Concerning Interest Payments