Telegraph – Former Rangers owner Tom Hicks was sued Monday by the team’s post-bankruptcy administrator, who says the wealthy Dallas investor “stole” tens of millions from the major-league franchise to acquire what are now highly lucrative parking lots near Rangers Ballpark in Arlington and Cowboys Stadium.
Alan Jacobs, the administrator charged with disbursing assets from the bankruptcy sale, also accused Hicks of forcing the Rangers to spend at least $18 million on parking lots and roads rather than fund deferred compensation for ballplayers, as required by Major League Baseball. In all, some $30.5 million was misdirected, the suit said.
