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Hicks plans Rangers sale

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1 Hicks plans Rangers sale on Thu Mar 26, 2009 10:59 am

Liverpool co-owner Tom Hicks has confirmed that he is ready to sell part of his share in baseball team Texas Rangers.

Hicks, who holds a 95 per cent stake in the Rangers, co-owns the Anfield giants with George Gillett and has further sporting interests in NHL outfit Dallas Stars.

Hicks revealed his plans at Rangers' spring training camp and admitted he was also looking to sell minority shares in the Stars.

"I've been quietly looking for minority investors to come back into the ownership of the Rangers as a way to be prudent in a bad economy," he told Major League Baseball's official website.

New partners

"I'm doing the same thing with the Stars. At the end of the day, I'll still have 51-to-60 per cent of the ballclub and have new partners. That doesn't change anything.

"I own 95 per cent of the Rangers. I started out owning 55 per cent and over the past 10 years I've been slowly buying out partners that wanted to sell. There's no reason to own 95 per cent. There aren't many owners who own 95 per cent."

Earlier this week it was reported Gillett was considering selling some of his sporting assets, which also include the Montreal Canadiens NHL franchise.

Gillett later made it clear that despite assessing his assets, he had no plans to sell his stake in Liverpool.

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