Tom Hicks, former owner of Rangers and Stars, dies at 79

DALLAS — Tom Hicks, the Texas businessman and philanthropist who owned two Dallas-area professional sports franchises and an English Premier League soccer team, died Saturday. He was 79.

Spokesperson Lisa LeMaster said in statement that Hicks died peacefully in Dallas surrounded by family.

Hicks owned the NHL’s Dallas Stars from 1995 to 2011, winning the Stanley Cup in 1999. He also owned baseball’s Texas Rangers from 1998 to 2010, leading them to three American League West Division titles and a World Series appearance. In 2007, he acquired a 50% stake in Liverpool.

“Being shoulder to shoulder with him was always about more than ballparks and stadiums, though,” Dallas Cowboys owner Jerry Jones said in a statement. “It was about personal respect, trust and friendship. We shared a lot of miles together, and I’ll miss him greatly. My heart goes out to his family.”

Hicks co-founded Hicks & Haas in 1984 and helped reshape private equity and investing strategy. He served on the University of Texas’ board of regents from 1994 to 1999.

“Tom Hicks was an innovative businessman and a pioneer in private equity,” fellow Texas businessman Ross Perot Jr. said in a statement. “He combined his commitment to business and sports through his ownership of the Stars and the Rangers.”

Hicks is survived by his wife of 35 years, Cinda Cree Hicks, and his six children: Thomas Ollis Hicks Jr., Mack Hardin Hicks, John Alexander Hicks, Robert Bradley Hicks, William Cree Hicks and Catherine Forgrave Hicks.

“Of everything he accomplished in his remarkable life, Tom Hicks’s most cherished title was, ‘Dad,'” his children said in a joint statement. “No matter the trials and tribulations he faced in life, he was constant in his generosity and love for his family. He remains a guiding force for our family, and we are deeply honored to continue expanding his legacy. Although we are devastated by this loss, we are profoundly grateful to have been his children.”