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Friday, February 5, 2010
Hicks could sell Dallas Stars ice hockey team

Liverpool co-owner Tom Hicks is looking into the possibility of selling his NHL ice hockey team the Dallas Stars.

The Hicks Sports Group (HSG) confirmed Galatioto Sports Partners have been retained to examine the possibility of securing new investors or selling a majority stake in the franchise.

Last month, HSG announced they had reached a definitive agreement to sell Major League Baseball side the Texas Rangers for about 360 million.

It appears Hicks is trying to re-organise his finances on a major scale but what this latest announcement means for Liverpool remains to be seen.

Recent reports suggest Liverpool require a 100 million cash injection before the summer or Hicks and co-owner George Gillett will face a decision over whether to sell the club when the current debt-refinancing agreement ends in July.

It has been claimed the Royal Bank of Scotland and Wachovia - the banks with whom Liverpool currently have a refinancing deal - are putting pressure on the club to find new investment to help better manage their reported 237 million of debt.

Liverpool chief executive Christian Purslow has been tasked with finding the new investment and is in talks with five or six potential suitors.

Any investment would be used to reduce the club's debts and would result in Hicks and Gillett's ownership share being diluted.

Regarding Hicks' NHL franchise, Dallas Stars president Jeff Cogen said: "While a sale is not a certainty it is a possibility and Mr Hicks has received numerous inquiries about the team.''




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