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Tom Hicks Dies at 79, Private-Equity Pioneer and Former Owner of Liverpool, Rangers and Stars

Condolences from family, clubs, peers accompany renewed scrutiny of his Dallas titles versus Liverpool’s debt-laden years.

Overview

  • Hicks Holdings LLC said he died peacefully Saturday in Dallas surrounded by family at age 79, with service arrangements pending.
  • He acquired a 50% stake in Liverpool in 2007 with George Gillett, a turbulent spell marked by heavy debts, fan protests and a 2010 sale to Fenway Sports Group to avert administration.
  • In U.S. sports, he owned the Dallas Stars from 1995 to 2011, winning the 1999 Stanley Cup, and the Texas Rangers from 1998 to 2010, earning three AL West titles and a 2010 World Series appearance.
  • A prominent dealmaker, he co-founded Hicks & Haas in 1984 and Hicks, Muse, Tate & Furst in 1989, executing transactions including the Dr Pepper/7UP merger.
  • Liverpool FC issued condolences, and Dallas figures such as Jerry Jones and Ross Perot Jr. praised his impact on sports and civic projects; he is survived by his wife Cinda and six children.