The NHL's Dallas Stars owner, Tom Hicks, publicly disclosed the team's financial troubles since Hicks Sporting Group announced it would explore selling the team.
Hicks, who previously held the majority stake of MLB's Texas Rangers, openly stated that he lent HGS about $85 million of his own money over a two-year span that ended March 31, 2009.
This coming after HGS defaulted on $525 million in loans.
Hicks also announced that the sale of the Dallas Stars could be completed within six months. Any sale would keep the Stars in Dallas due to its agreement with the American Airlines Center.
Other items included reducing ticket sales and the belief the team can be successful under its current budget.
Fort Worth Star-Telegram Stars Blog
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