Thomas O. Hicks is in his 11th season as owner and chairman of the board of the Texas Rangers and serves as the team's representative on Major League Baseball's Board of Governors. During his ownership, the club has captured two American League West Division titles, winning a franchise record 95 games in 1999. He is also on the board of directors of Major League Baseball Advanced Media, the internet-based subsidiary of Major League Baseball.
Hicks is founder, chairman and chief executive officer of Hicks Holdings LLC, a Dallas-based family office that owns and manages the Thomas and Cinda Hicks family's sports, real estate and corporate assets and investments. Hicks Holdings' sports ownership assets include Major League Baseball's Texas Rangers Baseball Club, the Dallas Stars Hockey Club of the National Hockey League, a 50% interest in the American Airlines Center, and a 50% interest in Liverpool Football Club, an English Premiership League team known as "Britain's Most Successful Football Club."
Purchasing the Stars in February 1996, Hicks is the team's chairman of the board and the club's representative on the NHL Board of Governors. He also serves on the NHL Executive Committee and the NHL Audit and Finance Committee. The Stars won the 1999 Stanley Cup and were Stanley Cup finalists in 2000. The team won the NHL's Presidents' Trophy for the best regular season record in both 1997-98 and 1998-99, and has captured seven division titles under Hicks' ownership.
In addition, Hicks Holdings is a partner with Hillwood Development Company in the Victory Park project in downtown Dallas, and co-developer of Glorypark, a 75-acre urban town center adjacent to Rangers Ballpark in Arlington whose neighbor will soon be the new Dallas Cowboys Stadium. Hicks Holdings is also developing Champions Park, a 40 acre office/retail development in Frisco, Texas, adjacent to the Dr Pepper Ballpark and Dr Pepper StarCenter, and is a venture partner in four hotel/residential projects currently under development, including the "W" Hotel and Residences at Hollywood and Vine in Los Angeles. Through Hicks Trans American Partners, Hicks Holdings also selectively makes corporate and real estate investments in South America.
Hicks Holdings' majority-owned corporate holdings include DirecPath, a company formed to provide bundled DIRECTV programming, broadband voice and data services, security and other locally based services to multiple dwelling unit residences (MDUs) across the United States; Latrobe Specialty Steel, a leading manufacturer and distributor of specialty steel to the aerospace industry; Ocular LCD, Inc., a leading designer, manufacturer and marketer of high-performance liquid crystal displays, modules and systems; Berkshire Resources, LLC, a gas and oil exploration and development company; and Grupo Pilar, a leading animal and pet food company in Argentina. Along with Investcorp, Hicks Holdings is an investor in Greatwide Logistics Services, a leading third-party logistics services company based in Dallas. In 2007, Hicks Holdings also acquired a 40 percent stake in SafeMed Inc., an emerging leader in clinical decision support systems.
Hicks serves as chairman of Hicks Acquisition Company 1, Inc., a $552 million Special Purpose Acquisition Company (SPAC) listed on the American Stock Exchange under the ticker symbol TOH.
Previously, Hicks co-founded, and was chairman from 1989 through 2004 of Hicks, Muse, Tate & Furst, Inc., a nationally prominent private equity firm specializing in leveraged acquisitions. During his tenure as chairman, HMTF successfully raised over $12 billion of private equity funds, consummated over $50 billion of leveraged acquisitions, and was one of the world's most active private investment firms. From 1984 to 1989, Hicks was co-founder and co-CEO of Hicks & Haas, a Dallas-based private equity firm. The successful acquisitions of HMTF and Hicks & Haas included AMFM Inc., A&W Brands, Inc., Berg Electronics, Inc., Dr Pepper/Seven Up Companies, International Home Foods, Life Partners Group, Pinnacle Foods, Sybron International, and Yell Group plc, among others.
Hicks serves on the boards of directors of the Cotton Bowl Athletic Association, Crow Family Holdings, as well as The Center for Strategic and International Studies Board of Trustees, the University of Southern California Marshall School of Business Dean's Board of Advisors, the University of Texas Southwestern Medical Foundation Board of Trustees, and the University of Texas Chancellor's Council. A former member of the University of Texas System Board of Regents, Hicks has served as chairman of the University of Texas Investment Management Company (UTIMCO), which manages the $20 billion University of Texas Permanent University Fund and Long Term Funds.
Serving annually as the "Distinguished Guest Lecturer" at Stanford University's Graduate School of Business, Hicks graduated with an MBA from the University of Southern California in 1970 and a BBA from the University of Texas in 1968.
With strong ties to the community, he has provided continuing support to numerous local organizations, and has also held various charity board memberships. Hicks was the 1996 co-chair of the Dallas Jewish Coalition for the Homeless "Vogel Alcove" project, and was honored as the recipient of the 2000 Henry Cohn Humanitarian Award for the Anti-Defamation League. He has also been a past recipient of the Father of the Year Award.
The father of six children, Hicks and his wife Cinda reside in Dallas.
Texas Rangers Ownership
Thomas O. Hicks officially became the fifth owner in the history of the Texas Rangers on June 16, 1998, when his transaction from the investor group headed by Rusty Rose and Tom Schieffer was completed. Hicks' agreement to purchase the Rangers was announced on January 7, 1998, and was unanimously approved by the 30 Major League owners in an ownership meeting on June 10, 1998 in Seattle. Under the transaction, Hicks acquired the Texas Rangers, the lease to Rangers Ballpark in Arlington, and 270 acres of land.
*J. Thomas Schieffer succeeded Bush as a General Partner in Nov. 1994
|Robert E. Short
||December 3, 1968-May 29, 1974
|Bradford G. Corbett
||May 29, 1974-April 29, 1980
|H.E. (Eddie) Chiles
||April 29, 1980-March 18, 1989
|George W. Bush/
Edward W. Rose Partnership*
|March 18, 1989-June 16, 1998
|Thomas O. Hicks
||June 16, 1998-Present