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'''Thomas Ollis Hicks, Sr.''' (born 1946 in ]), is a massive cunt businessman living in Dallas, ]. According to '']'' 2009, Hicks has an estimated wealth of ]1 billion. '''Thomas Ollis Hicks, Sr.''' (born 1946 in ]), is a ] businessman living in Dallas, ]. According to '']'' 2009, Hicks has an estimated wealth of ]1 billion.


Hicks co-founded the investment firm, ], and is chairman of Hicks Holdings LLC, which owns and operates Hicks Sports Group, the company that owns the ], the ], ] and also owns fifty percent of the English football club ]. Hicks co-founded the investment firm, ], and is chairman of Hicks Holdings LLC, which owns and operates Hicks Sports Group, the company that owns the ], the ], ] and also owns fifty percent of the English football club ].

Revision as of 03:06, 14 December 2009

For the English cricketer, see Tom Hicks (cricketer). For other people named Thomas Hicks, see Thomas Hicks (disambiguation).
Tom Hicks
BornThomas Ollis Hicks, Sr.
NationalityAmerican
Known forLiverpool FC Co-Owner

Thomas Ollis Hicks, Sr. (born 1946 in Dallas, Texas), is a American businessman living in Dallas, Texas. According to Forbes Magazine 2009, Hicks has an estimated wealth of USD1 billion.

Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst, and is chairman of Hicks Holdings LLC, which owns and operates Hicks Sports Group, the company that owns the Texas Rangers, the Dallas Stars, Mesquite Championship Rodeo and also owns fifty percent of the English football club Liverpool FC.

Biography

The son of a Texas radio station owner, Hicks graduated from Thomas Jefferson High School, in Port Arthur, Texas in 1964. Hicks was a brother of Sigma Phi Epsilon, received his Bachelor's degree in Finance from the University of Texas in 1968, and received his MBA from the University of Southern California in 1970.

Hicks became interested in leveraged buyouts as a member of First National Bank of Austin's venture capital group. 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.

Hicks & Haas' in the mid-1980s bought several soft drink makers, including Dr Pepper and 7 Up. 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.

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). In 1991 Morgan Stanley's Charles Tate and First Boston's Jack Furst became partners. 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 $1.2 billion plunge into telecom investments in 1999. Hicks announced that he would leave the firm on March 8, 2004 to spend more time with his family and his sports teams.

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:

  • 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.

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.

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.

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.

Corinthians

In 1999, Hicks, Muse, Tate & Furst bought Sport Club Corinthians Paulista, a successful Brazilian club team. The club initially succeeded under the new ownership group by winning the FIFA Club World Cup Championship. Before the purchase of the club, the ownership group assured the fans that a new stadium was in development. This never materialized and after legal/financial troubles and partner infighting, Hicks retired from the company and the ownership group eventually sold Corinthians. The ownership group drew the fury of Corinthian's fans due to financial decisions, the introduction of corporate sponsors on the players' uniforms and the changing of the club's colors. The club was eventually sold and left in a worse position after they were relegated to a lower level league. Comparisons have been made between Hicks's Brazilian failure and his current troubles at Liverpool Football Club.

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 13 years since Thomas O. 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.

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. Under Hicks ownership, the Rangers won the American League West Division crown in 1998 and 1999, but failed to deliver a World Series. 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. Hicks serves on the Board of Directors of MLB Advanced Media, the internet-based subsidiary of Major League Baseball.

Liverpool F.C.

Main article: History of 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.C; this takeover proposal was believed to be the front runner after Dubai International Capital withdrew their bid.. On February 6, 2007, Hicks & Gillett's joint offer for Liverpool was formally accepted, valuing the club at £218.9m ($432.9m) (£5,000 per share and £44.8m in debt).. Liverpool became the third FA Premier League club to be acquired by U.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. The plans to build the stadium were edited and currently the stadium is not being built.

On January 22, 2008 a majority of Liverpool fans, at the game between Liverpool and Aston Villa, protested against Gillett and Hick's running of the club, urging the pair to sell their shares in Liverpool FC to DIC. Neither owner, nor their representative Foster Gillett were present at the game. Gillett has reportedly been targeted by DIC to sell his shares. It has been reported that he has fallen out with Tom Hicks and in recent months has kept silent over his dealing with the club. On March 7, 2008, it was reported that Gillett had agreed to sell 98 per cent of his Liverpool stock to DIC, but Hicks blocked the sale. In an interview on Prime Time Sports in Canada, Gillett revealed that he and his family had received death threats from angry Liverpool fans: The fans don’t want him (Tom Hicks) to have even one share of my stake in the club, based on what they are sending to me. As a result of that we have received many phone calls in the middle of the night threatening our lives, death threats. A number came to the office and my son, Foster, and daughter-in-law, Lauren, have received them..

Philanthropy

Hicks was the 1996 co-chair of the "Dallas Jewish Coalition for the Homeless "Vogel Alcove" project", and received the 2000 "Henry Cohn Humanitarian Award" from the Anti-Defamation League.

References

  1. http://www.tjhs1964.com/HTML/TJHS.htm
  2. http://www.texasifc.org/famousalums.htm
  3. ^ http://www.dallasstars.com/stars/bio-hicks.jsp
  4. Morrison, Mark (2006-06-26). "This Buyout Game Ain't Over Yet". Business Week. The McGraw-Hill Companies. Retrieved 2008-04-28.
  5. RUDOLPH GULIANI FOR PRESIDENT - 2008
  6. Tom Hicks Elementary School - Frisco, Texas - TX - school overview
  7. Stars owner Hicks to buy Rangers for $250 million, - CBS News
  8. http://www.mirror.co.uk/sport/football/2008/01/27/brazilian-fans-hit-out-at-liverpool-owner-98487-20300636/
  9. http://economictimes.indiatimes.com/Corporate_Dossier/Globalisation_is_a_distant_dream/articleshow/2491724.cms
  10. BBC SPORT | Football | My Club | Liverpool | Consortium pulls out of Reds bid
  11. BBC SPORT | Football | My Club | Liverpool | US pair agree Liverpool takeover
  12. The Anfield Divorce - Anfield Online
  13. SI.com - Soccer - DIC agrees to become Liverpool minority partner - Friday March 7, 2008 10:35PM,
  14. Northcroft, Jonathan (2008-04-13). "Anfield anarchy". The Sunday Times. News International Group. Retrieved 2008-04-13.
  15. I can no longer work with Tom Hicks, says George Gillett Jr

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