Sources: Tom Hicks Will Have To Sell Rangers

oldguystudent · July 3, 2009

Link

Well this should be interesting.

KingDL1 · July 3, 2009

Link
Well this should be interesting.

Wow

UNT_playmaker · July 3, 2009

This is a very interesting article, who would have thought the first place AL WEST Rangers was basically broke.

Tom Hicks is an idiot. Also herad Jerry Jones was in major financial trouble as well.

You would have thought the Rangers success in the AL West, energized enthusiasm of fans, and the huge spike in attendance at the Ballpark would have helped. Especially since merchandise sales have been very well with the teams success.

Nolan Ryan and David McDavid are in the running to buy the team heard that about two months ago.

UNT90 · July 3, 2009

Please, please, please let this team sell quickly to someone with pockets deep enough to support a winner.

So long, Tom Hicks, Burn in H.......well, that may be a little strong for this one.

H-towngreen · July 3, 2009

I think alot of this goes to his ownership of Liverpool. He has lost alot of money in that venture.

greenminer · July 3, 2009

huge spike in attendance at the Ballpark.

Is this truth or assumption? I haven't been to a game this season.

Censored by Laurie · July 3, 2009

So long, Tom Hicks, Burn in H.......well, that may be a little strong for this one.

Stick with it...no point in breaking character now.

Chrisattsu · July 3, 2009

Is this truth or assumption? I haven't been to a game this season.

There was an article in the DMN back in May that said attendance was down, but revenue was up. The attendance section of their 09 Wikipedia Website doesn't look too bad- http://en.wikipedia.org/wiki/2009_Texas_Rangers_season

Yeah, they have some sub-20k games, but then again they have some 37k+ games.

UNT90 · July 3, 2009

Stick with it...no point in breaking character now.

right back at ya...

ScreamingEaglesFan · July 3, 2009

So long, Tom Hicks, Burn in H.......

I don't think it's too strong, he deserves it, he's an arrogant pompous ass!!! I'm glad his sports empire is failing miserably financially.

oldguystudent · July 3, 2009

I ask this question as a person who barely, if at all, follows the Rangers. Is Tom Hicks one of those sports owners who sees his teams as little more than a trophy toy?

Green P1 · July 3, 2009

I ask this question as a person who barely, if at all, follows the Rangers. Is Tom Hicks one of those sports owners who sees his teams as little more than a trophy toy?

Kinda.

UNT90 · July 3, 2009

I ask this question as a person who barely, if at all, follows the Rangers. Is Tom Hicks one of those sports owners who sees his teams as little more than a trophy toy?

I think just the opposite. If it were a trophy toy, he would keep it shiney and display it pominently, much like George Stienbrenner and the Yankees. That would mean high priced free agents and a win at all costs mentality. I think he may have started that way, but quickly changed his ways to make it like any other business he operates. Spend as little as possible to make as much as possible. No risk, no reward.

MDH · July 3, 2009

While I agree Hicks isn't the greatest owner, the job I go back to after I graduate provides services to the Hicks family and his business ventures. My job better be safe!

forevereagle · July 6, 2009

the huge spike in attendance at the Ballpark would have helped.

~2,500 more people per game is not what I would call a huge spike in attendance.

hickoryhouse · July 6, 2009

~2,500 more people per game is not what I would call a huge spike in attendance.

If you assume that each additional but in the seat brings in, just a very rough estimate of $15 per game including tickets, food, beer etc, then that is over 3 million by the end of the season.

I don't know if that is alot though, but I wouldn't scoff at it.

forevereagle · July 6, 2009

If you assume that each additional but in the seat brings in, just a very rough estimate of $15 per game including tickets, food, beer etc, then that is over 3 million by the end of the season.
I don't know if that is alot though, but I wouldn't scoff at it.

That's not enough to make the Rangers buyers at the trade deadline. It isn't going to be enough to make Josh Hamilton or any of the other good young talent the Rangers have want to stay when their contract is up.

greenminer · July 6, 2009

FYI, Chicago Cubs are being sold.

cnnmoney link

greenminer · July 6, 2009

If you assume that each additional but in the seat brings in, just a very rough estimate of $15 per game including tickets, food, beer etc, then that is over 3 million by the end of the season.
I don't know if that is alot though, but I wouldn't scoff at it.

I don't think it is being scoffed at.

In my untrained opinion, I would think the front office is assuming these numbers into their budget and not necessarily rejoicing in it. Considering the improved play/record, any increase in attendance should be expected. That's just the way the market works...

...I don't know how it is graded/pro-rated, etc, but if I am working in that office I am more interested in %s, such as butts-in-seats per win (and comparing those numbers to how other successful MLB franchises are doing). Or something similar...

I also imagine that 3 million is practically couch change for any major league franchise.

...just stating the obvious for most of you. But that's what I am here for sometimes.