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Hicks willing to sell control of Rangers

Updated: May 28, 2009, 4:39 PM ET
Associated Press

NEW YORK -- Tom Hicks is willing to give up control of baseball's Texas Rangers if the right deal comes along but he intends to keep the NHL's Dallas Stars.

Hicks said in late March that he was seeking minority investors to purchase up to 49 percent in each club. About a week later, the holding company that owns the teams, Hicks Sports Group, defaulted on about $525 million in loans. Hicks said he intentionally made the move to help negotiate with banks.

"With the right partners, I ...

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