Can Tom Hicks Squeeze a Profit Out Of Rangers Sale?

Tom Hicks didn’t get where he is today without making some shrewd business moves. There’s probably some high finance at work here that’s beyond my grasp. And I’m sure Ron Washington has only tried coke once. But if Hicks owes the banks $540 million, and he sells the team for $530 million, how does he expect to keep $90 million from the deal? The Wall Street Journal takes a look at the deal, the sticking point of which centers on the land that Hicks owns next to the stadium.

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