Thomas Hicks (born 1946 in Dallas, Texas but later moved to Port Arthur, Texas), is a Dallas businessman. Port Arthur is a city in Jefferson County within the Beaumont &ndashPort Arthur Metropolitan Statistical Area of the U A business (also called firm or an enterprise) is a legally recognized organizational entity designed to provide goods and/or services to According to Forbes Magazine 2007, Tom Hicks has an estimated wealth of $1. 3 billion USD.
Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst, and is chairman of Hicks Inc, which owns and operates Southwest Sports Group, the company that owns the Texas Rangers, the Dallas Stars, Mesquite Championship Rodeo and also owns fifty percent of the English football team Liverpool FC. The Texas Rangers are an American professional baseball team based in Arlington Texas, United States, representing the Dallas-Ft The Dallas Stars are a National Hockey League team based in Dallas Texas. The Mesquite Championship Rodeo is a Rodeo located in Mesquite Texas that operates during rodeo season (roughly April through September Liverpool Football Club are an English professional Association football club based in Liverpool England.
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Biography
The son of a Texas radio station owner, Hicks graduated from the Thomas Jefferson High School, class of 1964 in Port Arthur, Texas. Texas ( is a state geographically located in the South Central United States and is also known as the Lone Star State. This article is about radio broadcasting for other uses see Radio (disambiguation. Memorial High School is a public, co-educational Secondary school located in Port Arthur, Texas, United States. Year 1964 ( MCMLXIV) was a Leap year starting on Wednesday (link will display full calendar of the 1964 Gregorian calendar. Port Arthur is a city in Jefferson County within the Beaumont &ndashPort Arthur Metropolitan Statistical Area of the U Hicks, as a brother of Sigma Phi Epsilon[1], received his Bachelors degree in Finance from the University of Texas in 1968, and his MBA from the University of Southern California in 1970[2]. ΣΦΕ ( Sigma Phi Epsilon) commonly Nicknamed SigEp or SPE, is a social fraternity for male College students in the A bachelor's degree is usually an Undergraduate Academic degree awarded for a course or major that generally lasts for three four or in some cases and Year 1968 ( MCMLXVIII) was a Leap year starting on Monday (link will display full calendar of the Gregorian calendar. The Master of Business Administration ( MBA) is a Master's degree in Business administration, which attracts people from a wide range of academic disciplines The University of Southern California (commonly referred to as USC, SC, Southern California, and incorrectly Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar.
Hicks became interested in leveraged buyouts as a member of First National Bank's of Austin venture capital group. A leveraged buyout (or LBO, or highly-leveraged transaction (HLT or "bootstrap" transaction occurs when a Financial sponsor acquires a controlling interest Venture capital (also known as VC or Venture) is a type of Private equity capital typically provided to immature high-potential growth companies Hicks and Robert Haas formed Hicks & Haas in 1984; the next year that firm bought Hicks Communications, a radio outfit run by Hicks' brother Steven - the first of many media companies bought or created by the buyout firm, often with Steven Hicks' involvement. Year 1984 ( MCMLXXXIV) was a Leap year starting on Sunday (link displays the 1984 Gregorian calendar)
Hicks & Haas' in the mid-1980s bought several soft drink makers, including Dr Pepper and 7 Up. The 1980s was the decade spanning from January 1 1980 to December 31 1989. Soft drink is a beverage that does not contain Alcohol. Carbonated soft drinks are commonly known as soda soda pop pop, or Dr Pepper is a soft drink marketed in North America, South America and Europe by Dr Pepper Snapple Group. 7 Up is a brand of a Lemon - lime flavored non-caffeinated Soft drink. The firm took Dr Pepper/7 Up public just 18 months after merging the two companies. In all, Hicks & Haas turned $88 million of investor funding into $1. 3 billion. The pair split up in 1989; Hicks wanted to raise a large pool to invest, but Haas preferred to work deal by deal. Year 1989 ( MCMLXXXIX) was a Common year starting on Sunday (link displays 1989 Gregorian calendar)
In 1989, Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst with former Prudential Securities banker John Muse. The firm raised $250 million, with early investments including Life Partners Group (life insurance, 1990; sold 1996). Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the Year 1990 ( MCMXC) was a Common year starting on Monday (link displays the 1990 Gregorian calendar) Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar) In 1991 Morgan Stanley's Charles Tate and First Boston's Jack Furst became partners. Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar. Morgan Stanley ( is a global Financial services provider headquartered in New York City New York United States First Boston Corporation was a New York-based Investment bank, founded in 1932 and acquired by Credit Suisse in 1988 when it became 'CS First Boston' Hicks was chairman from 1989 to 2004, Hicks, Muse, Tate & Furst raised $12 billion of private equity funds, consummated over $50 billion of leveraged acquisitions, and was one of the most active private investment firms in the country.
But the business hit a rough patch by the early 2000s, when investors in Equity Fund IV were burned by a $1. 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. 2 billion plunge into telecom investments in 1999. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) Hicks announced that he would leave the firm on March 8, 2004 to spend more time with his family and his sports teams. Events 1618 - Johannes Kepler discovers the third law of planetary motion. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again "
Retirement
Hicks formed Hicks Holdings, a vehicle for his billion-dollar sports and real estate empire, and then started buying companies again in the $10-million to $250-million level, including[3]:
- electronics firm with 1,000 employees in China
- started a new venture with DirecTV selling bundled TV-telecom services to condos
- landscaping materials in the Midwest
- pet food in Argentina
- Gammaloy - an oil field rental outfit he bought from his wife's family, paying approximately $20 million in the 1990s. China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National For a topic outline on this subject see List of basic Argentina topics.
Politics
Hicks was recently a member of the political action committee for the 2008 presidential election campaign for former Republican Mayor of New York City, Rudy Giuliani[4]
Tom Hicks Elementary School
Tom Hicks Elementary School in Frisco, Texas, part of the Lewisville Independent School District, was given its name after Hicks donated the necessary land for the school[5]. The United States presidential election of 2008, scheduled for Tuesday November 4 2008 will be the 56th consecutive The Mayor of New York City is the head of the executive branch of the Government of New York City. KBE Per, "Postnominal letters should be included when they are issued by a country or organization the subject has been closely associated with Thomas O Hicks Elementary School is located in Frisco Texas under the Lewisville Independent School District (LISD Frisco is a city in Collin and Denton Counties in the US state of Texas and a wealthy and rapid growing suburb of Dallas. Lewisville Independent School District (LISD is a 127-square mile School district based in Lewisville, Texas ( USA) covering most of Lewisville
Sports
Hicks moved from the business pages to the sports section in December 1995 when he bought the National Hockey League Dallas Stars for $82 million[6]. Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 The National Hockey League ( NHL) is a professional Ice hockey league composed of 30 teams in North America The Dallas Stars are a National Hockey League team based in Dallas Texas.
Dallas Stars
Seven Division Championships, three Western Conference crowns, two Presidents' Trophies as the team with the best regular season record, two consecutive trips to the Stanley Cup Finals and the 1999 Stanley Cup Championship are the highlights of the Dallas Stars' rapid ascent in the 11 years since Thomas O. The Presidents' Trophy is an award presented by the National Hockey League (NHL to the team which finishes with the most points in the league during the regular This is a list of Stanley Cup champions, including finalists and challengers The Stanley Cup (La Coupe Stanley is an Ice hockey club championship Trophy, awarded annually to the National Hockey League (NHL playoffs champion Hicks contracted to purchase the hockey club in December 1995. Mr. Hicks serves as the Stars' Chairman of the Board and the club's representative on the NHL Board of Governors, and also played an instrumental role in the development and planning of American Airlines Center. The American Airlines Center is an Arena located in the Victory Park neighborhood near downtown Dallas, Texas that is used for [2]
Texas Rangers
In June 1998, Hicks became the Chairman and Owner of the Texas Rangers Baseball Club of the Major League Baseball’s American League. The American League of Professional Baseball Clubs, or simply the American League ( AL) is one of two leagues that make up Major League Baseball in Under Hicks ownership, the Rangers won the American League West Division crown in 1998 and 1999, but failed to deliver a World Series. The American League West is one of three divisions in Major League Baseball 's American League. For other events named "World Series" see World Series (disambiguation. After retirement from Hicks Muse Tate and Furst, and with the Rangers finished in last place in its division in 2003, Hicks promised to rebuild the team, shipping Alex Rodriguez ($252 million over 10 years) to the New York Yankees. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. Alexander Emmanuel Rodriguez (born July 27 1975 in New York New York) commonly nicknamed A-Rod, is an American Third baseman for the The New York Yankees are a professional baseball team based in the borough of The Bronx, in New York City, New York. Hicks serves on the Board of Directors of MLB Advanced Media, the internet-based subsidiary of Major League Baseball.
Liverpool F. C.
On February 1, 2007, it was made known through the English press that he was involved in a consortium with one-time friend and Montreal Canadiens owner George N. Gillett Jr. to purchase English Premiership club Liverpool F. Liverpool Football Club, the most successful club in English football, has a long and colourful history Events 1327 - Teenaged Edward III is crowned King of England, but the country is ruled by his mother Queen Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The Montreal Canadiens (Les Canadiens de Montréal are a professional Ice hockey team based in Montreal, Quebec, Canada. George N Gillett Jr (born October 22, 1938, in Racine, Wisconsin) is an American Businessman, owner of the ice hockey The Premier League, colloquially referred to as the Premiership, is an English professional league for football clubs C; this takeover proposal was believed to be the front runner after Dubai International Capital withdrew their bid. Dubai International Capital (DIC was established in October 2004 as the international investment arm of Dubai Holding. [7]. On February 6, 2007, Hicks & Gillett's joint offer for Liverpool was formally accepted, valuing the club at £218. Events 46 BC - Julius Caesar defeats the combined army of Pompeian followers and Numidians under Metellus Scipio Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Liverpool Football Club are an English professional Association football club based in Liverpool England. 9m ($432. 9m) (£5,000 per share and £44. 8m in debt). [8]. Liverpool became the third FA Premier League club to be acquired by U. The Premier League, colloquially referred to as the Premiership, is an English professional league for football clubs S. businessmen, the others being Aston Villa and Manchester United. After the bid was accepted, Hicks stated his foremost priority was gaining silverware, and vowed to build a new stadium for the club at Stanley Park Stadium. Stanley Park Stadium is a proposed title of the planned football Stadium to be built in Stanley Park, Liverpool, England. Hicks launched an angry attack (one of many) March 8, 2008 on the Dubai International Capital-consortium battling for control of the English Premier League club, criticizing its behavior during negotiations which he cancelled. Events 1618 - Johannes Kepler discovers the third law of planetary motion. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Dubai International Capital (DIC was established in October 2004 as the international investment arm of Dubai Holding. However football finance expert Professor Chris Brady has dismissed Hicks' termination of talks with DIC as a "negotiation manoeuvre" and expects the deal to be wrapped up by June. He said: "Clearly Hicks wants out now. He probably thinks he can get £450m by stalling and they (DIC) will probably go to £450m. "From what I've heard there is no rush of alternative buyers out there and DIC are keen. "Dubai presumably will want to wrap the deal up by the end of June so they have time to prepare for the new season. " [9] Hicks has garnered harsh criticism for the impact his feud with Gillett has had on Liverpool, in particular his attempts to sack Rick Parry (Liverpool chief executive). Association football writer Henry Winter of Britain's Daily Telegraph stated: "If football ever contains more people like Hicks than Parry, then the game really will be heading to Hell in a debt-laden hand-cart". For "The Daily Telegraph" in Australia see The Daily Telegraph (Australia. [10]
References
- ^ http://www.texasifc.org/famousalums.htm
- ^ a b http://www.dallasstars.com/stars/bio-hicks.jsp
- ^ Morrison, Mark (2006-06-26). Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 363 - Roman Emperor Julian is killed during the retreat from the Sassanid Empire. This Buyout Game Ain't Over Yet. Business Week. BusinessWeek is a business Magazine published by McGraw-Hill. The McGraw-Hill Companies. The McGraw-Hill Companies Inc, ( is a Publicly traded corporation headquartered in Rockefeller Center in New York City. Retrieved on 2008-04-28. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1192 - Assassination of Conrad of Montferrat (Conrad I King of Jerusalem, in Tyre, two days after his title
- ^ RUDOLPH GULIANI FOR PRESIDENT - 2008
- ^ Tom Hicks Elementary School - Frisco, Texas - TX - school overview
- ^ Stars owner Hicks to buy Rangers for $250 million, - CBS News
- ^ BBC SPORT | Football | My Club | Liverpool | Consortium pulls out of Reds bid
- ^ BBC SPORT | Football | My Club | Liverpool | US pair agree Liverpool takeover
- ^ CNN | Battle over Liverpool intensifies
- ^ Anfield Fiasco: Tom Hicks could sink Liverpool. Accessed on 2008-04-19.
External links
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