STARS=Not for Sale!!!!

Hicks: Stars no longer for sale

Owner notes significant changes in country, economic climate

href=”http://www.dallasnews.com/sharedcontent/dallas/sports/hockey/stars/stories/050403dnspostarshicks.1ca06a94.html”>Dallas
News

05/03/2003

By CHUCK CARLTON / The Dallas Morning News

NHL commissioner Gary Bettman said Saturday afternoon that he never wanted Tom Hicks to sell the Dallas Stars.

He has his wish.

Mr. Hicks confirmed that the Stars, his 50 percent interest in American Airlines Center and the five Dr Pepper StarCenters are no longer on the market. Nor does he plan to revisit a possible sale in the near future.

“Over the last couple of weeks, I have made the decision to not sell the team,” Mr. Hicks said in a telephone interview Saturday after the Stars’ 4-1 win over the Anaheim Mighty Ducks in Game 5 of their Western Conference playoff series.

He had planned to announce his decision after the playoffs to avoid a possible distraction. But Mr. Bettman’s comments earlier in the day led to speculation and Mr. Hicks’ announcement.

Mr. Hicks said that he might add one or more minority owners that he met during the sale process but that he would remain the majority owner.

Mr. Hicks’ sports empire includes the Rangers, the Double-A Frisco RoughRiders and the Mesquite Rodeo.

He has owned the Stars since buying them from Norm Green in December 1995.

Under Mr. Hicks, the Stars have won six division titles in the last seven years and the 1999 Stanley Cup. The Stars reached the Stanley Cup Finals in 2000, losing to New Jersey.

He cited two main reasons for the change of heart.

Mr. Hicks noted the significant changes in the country and the economic climate since his announcement in September that the team was for sale.

“A lot has happened since last September,” Mr. Hicks said. “Times have changed. It was a very difficult period for this country. We fought a war in Iraq.”

He also cited the decision to split the Stars and Rangers apart from under the Southwest Sports Group management umbrella.

The return earlier this season of Stars president Jim Lites has enabled Mr. Hicks to take a step back from the day-to-day operations of the team.

“I can’t go to 41 hockey games and 81 baseball games a year,” Mr. Hicks said. “I’m learning to balance that better.”

Mr. Hicks declined to specify how close he came to full sale of the team.

“I’m not going to comment,” he said. “I didn’t [find a buyer] in a basis I found attractive.”

Mr. Bettman, in Dallas for Game 5, hinted earlier in the day that the Stars might not be sold – based on a gut feeling.

“He’s a terrific owner,” Mr. Bettman said, noting that Mr. Hicks is a member of the NHL’s executive and budget committees.

“Since the day he bought the Stars, he’s been nothing but a great help and counsel to me. I always tell him that I hope he doesn’t sell.”

Mr. Lites said fans should see the announcement as good news for the organization and the on-ice product.

“Day-in, day-out, he is a great owner,” Mr. Lites said.

“He gives us the resources to be successful. He’s been concerned, but never meddling. He’s a guy I’ve been able to relate to and enjoy.”

The Stars rank among the top five NHL teams in payroll at $66 million.

Mr. Hicks personally led a recruiting effort that enabled the Stars to sign five top free agents last summer, including top goal scorers Bill Guerin and Scott Young.

Mr. Hicks’ decision would apparently increase the chances of the Stars retaining captain Derian Hatcher, who can become an unrestricted free agent on July 1. Contract negotiations had been placed on hold during the time the team was on the market.

“Tom has shown to be aggressive in fielding the best team possible,” general manager Doug Armstrong said. “If history is an indication of the future, we’ll be a competitive team, and he’ll want to field a contending team.

“That’s a great environment.”


23 Responses to STARS=Not for Sale!!!!

  1. OilersRush says:

    Forget about Hatcher going to Toronto now, Leaf fans!

  2. DalStars3109 says:

    Yeah Baby..Hatcher how sweet it will be seeing number 2 in the ol familar Stars Jersey next season.

  3. WLFHCommishJava says:

    why was the team for sale in the first place?

    why not sell the t-rags. there a much worse franchise. with a 252 Million dollar player.

  4. jon95616 says:

    Bettman also said that Disney was in no hurry to sell the Mighty Ducks(in contrast to their recent sell of baseball’s Angels), and may not be selling them afterall.

  5. cwhockey says:

    A potential buyer for the Stars, McDavid, must not have offered the money Hicks was looking for.

    But McDavid is gonna buy the Hawks, Thrashers and Philips Arena in Atlanta. It will take a couple months to settle the minor details, but it will happen. I’m just wondering what price Hicks was asking for the Stars, because it must have been a whopper for this guy to go away.

  6. JeffBurnz09 says:

    This is good news to hear for this Stars fan. Hicks has been comitted to winning, and doesnt mind spending money to make the team better. It really didnt make sense to drop the Stars for the Texas rangers, because the Rangers are terrible, and overpaid. Its strange, how he’s so smart with his money in hockey, but so stupid with his money in baseball. He throws alot of money to over rated headcases in Texas, making them the New York Rangers of baseball. In the NHL, he uses his money to attract only the right pieces to fit in Dallas. Either way, I’m happy to hear that he’s keeping the team. I’d say the teams success this year played a part in it.

    Disney not selling The Ducks? This is Bettman’s dream. So lets see….. The Ducks are backed by Disney..Disney are a huge, huge industry, who owns a hockey team they based on one of their movies. The hockey team sucks, and Disney, this huge company, looses interest in the team and wants to sell. In the last year that Disney plans to own the Ducks, they suddenly make the playoffs and knock off Detroit and are close to doing so with Dallas. … At the same time, getting every break and call from the refs at the exact time they need it…Now Disney is happy with the Ducks again…guess the refs did their job after all…you knew the NHL wouldnt want to lose Disney as an owner and active part of the NHL……

  7. aafiv says:

    Unfortunately, I think that this really shows that with the economy being what it is, the prospects for a lucrative TV contract being what they are, and the looming labor war, NHL franchises are not worth very much right now – at least not what people are asking for them.

    There’s been a lot of talk about as many as ten NHL teams being on the block but this is a very bad climate in which to be selling a hockey team.

    I wouldn’t look to this as a ‘change of heart’ from a man who suddenly loves his team again. This is a calculation from a businessman.

    If Hicks wanted to sell his team because making money is difficult in the NHL, it may also mean that UFA’s may not be coming back to Dallas either.

    Just my two-cents.

  8. starsgirl25 says:

    should i watch all of the game tonight, even though it starts at 9:30pm for me and wake up early and take a really important test that starts at 8am? or should i skip the game and gets lots of sleep?

  9. amok says:

    Depends what kind of test it is. Unless it’s something absolutely huge and you haven’t prepared, watch the game. It’ll be over by midnight your time. As much as it pains me to say this, I think the Ducks are going down.

  10. starsgirl25 says:

    it’s kinda huge. if i get a certian score on it, i won’t have to take freshman english in college. there’s nothing to prepare for it now though. it’s just waking up early….

  11. NASCAR_FAN says:

    RICHMOND, Va. — Winston Cup driver Jerry Nadeau, critically injured in a crash during practice last Friday at Richmond International Raceway, has been upgraded from critical to serious but stable condition, the team announced Monday.

    VIDEO CLIPS

    Nadeau crashes during practice at Richmond

    Play video

    Doctors at Virginia Commonwealth University Medical Center said Nadeau’s head injury does not include a skull fracture, and his improvement is on course for the injuries he sustained.

    Nadeau, driver of the No. 01 U.S. Army Pontiac, suffered head, lung and rib injuries when his car hit the wall on the driver’s between Turns 1 and 2 only 10 minutes into the first of two Happy Hour practice sessions.

    NASCAR Busch Series regular Jason Keller substituted for Nadeau in the Pontiac Excitement 400 Saturday, finishing 32nd in his Winston Cup Series debut.

    Nadeau is the fourth NASCAR driver to suffer injury at RIR in the past year. Bobby Hamilton injured his shoulder in the Craftsman Truck Series event last fall, while Johnny Benson and Derrike Cope were both injured in last year’s Hardees 250 Busch Series affair.

  12. -Swizz- says:

    whats with the name “rangers” and high-priced losers…

  13. bdeppe says:

    Watch the game! If things go bad it might be the last game of the season. I hope it’s not because I have tickets to game 7!!!

  14. jon95616 says:

    what i always heard was that disney would sell the angels because they werent the original owners and they couldnt make them successful(financially)…but the Ducks were always disneys and they would keep them, because they are an original disney product.

  15. JeffBurnz09 says:

    I heard just before the MLB playoffs last year that the Angels and Ducks were both for sale, because both teams were costing too much to run without winning anything. They were looking at selling both teams and getting out of sports all together. I think they might still be selling the Angels, since the World Series drives up their value, and it won’t likely happen again.

  16. amok says:

    Don’t worry about it then. Watch the game!

  17. amok says:

    Shouldn’t this be on http://www.nascarinjuryrumors.com?

    I doubt anyone cares about Martin Straka injury updates on Nascar sites, so please keep this off here..

  18. jon95616 says:

    GO DUCKS GO!!!

    Western Conference Finals!!!

  19. jon95616 says:

    They already have a sale in progress that just needs to be finalised for the Angels. The Ducks more likely wont be sold until atleast after a new CBA is created, if they decide not to keep them.

    by the way:

    Go DUCKS GO!!!

    Western Conference Finals!!!

  20. defenestrate says:

    They can’t – the Ducks have a “five-picture” deal.

  21. defenestrate says:

    I thought I was on the wrong site for a minute. But I checked the address, and it wasn’t “www.dumbasseswhoturnleft.com”, so…

  22. defenestrate says:

    Don’t think I didn’t notice those sour grapes planted in the middle of your crop… so it was the REFS that kept the Stars from finding the back of the net? Did they take away their GPS systems?

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