"A private equity investor based in Dallas, Hicks made over $1B as part of a partnership that invested in soft drink brands Dr. Pepper and 7 Up and merged the two companies together in the late 1980s. Hicks moved into sports franchise ownership when he purchased the NHL's Dallas Stars in 1995. It was just a few years later in 1998 that Hicks purchased the Rangers from an investment group managed by future U.S. President George W. Bush."
"The Rangers found immediate success under Hicks's ownership with back-to-back AL West titles led by future Hall of Famer Ivan Rodriguez. The team began to struggle in 2000, however, and that led Hicks to sign superstar Alex Rodriguez to a ten-year, $252MM contract that shattered records at the time during the 2000-01 offseason's Winter Meetings. While A-Rod hit an incredible .305/.395/.615 over the 2001-03 seasons with 156 home runs and 27.0 fWAR,"
Tom Hicks died at age 79. He owned the Texas Rangers from 1998 to 2010. The Rangers called him a passionate and competitive owner and extended thoughts and prayers to his wife Cinda and his six children. Hicks was a Dallas-based private equity investor who made over $1 billion through a partnership that merged Dr. Pepper and 7 Up. He bought the NHL's Dallas Stars in 1995 and purchased the Rangers in 1998 from a group managed by George W. Bush. The Rangers won back-to-back AL West titles early under his ownership but later struggled, prompting the signing and later trade of Alex Rodriguez.
Read at MLB Trade Rumors
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