Master Shake said:
His losses have been in the millions on the stars.
Lost millions? Guess it depends what you mean by that, but compared to most teams, no he really hasn't lost that much. He actually has made more than he has lost and he has also watched the value of his team grow $200M in ten years. Not a bad return on his investment, considering he paid $84M for the team in 1995.
Hicks had the team for sale for one year and the reason the team did not sell? The same reason many people houses do not sell, he overpriced the team. He wanted close to $300M for the team in 2002, and it wasn't worth the money and he wouldn't sell it for less. He did have a few offers.
But I wouldn't worry too much about poor Tom. He lives in the most expensive house in Dallas at 29,000 square feet valued at $26M. I think he's doing just fine.
And unlike most of the rest of the league, the Stars have actually lost more by not playing than playing.
Year/Franchise Value/Revenue/Net income
1994-95 $43 million $21.7 million $2.2 million
1995-96 $63 million $33.9 million -$1.0 million
1996-97 Not Available
1997-98 $118 million $45.6 million -$2.6 million
1998-99 $149 million $59.4 million -$5.2 million
1999-00 $182 million $72.7 million $2.1 million
2000-01 $207 million $70.0 million -$4.3 million
2001-02 $254 million $96.0 million $6.3 million
2002-03 $270 million $108.0 million $5.6 million
2003-04 $259 million $103.0 million -$0.3 million