Tom Hicks Sr. is an American private equity investor and former sports team owner of Liverpool F.C. Further, he had owned the 50% of the football club Liverpool along with co-partner George N. Gillet Jr. in 2007. But he was forced to sell the shares of his sports team, Liverpool, in 2010. Previously, he had also owned the sports teams Texas Ranger and the Dallas Stars. But after a year, he was forced to sell the shares of his sports tea
Furthermore, he has co-founded the investment firm ‘Hicks, Muse, Tate & Furst’ along with former Prudential Securities banker John Muse. Also, he is the chairman of Hicks Holdings LLC that specializes in private equity, sports, and entertainment investments in the United States. There are many details on the businessman, to discover these details keep on scrolling below.
Tom Hicks: Bio, Family, Education
The Liverpool F.C. co-owner was born on 7 February 1946 as Thomas Ollis Hicks Sr. in Port Arthur, Texas, the United States. He was born as the son of a Texas radio station owner but has not provided information on his parents. He has a brother named Steven Hicks who is also an American businessman associated with the radio business.
Regarding his education, he had graduated from Thomas Jefferson High School in 1964. After that, he attended the University of Texas in 1968 and received his Bachelor’s degree in Finance. He then did his MBA from the University of Southern California in 1970. In addition, he is a member of the Sigma Phi Epsilon social fraternity.
Tom Hicks: Career & Life Achievements
In 1984, he along with Robert Haas formed ‘Hicks & Haas’, following in the next year, he bought Hicks Communications run by his brother Steven. In the mid-80s, he bought several soft drink makers including Dr. Pepper and 7 Up. However, the pair later separated in May 1989, and Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst with former Prudential Securities banker John Muse. He became the chairman of the firm from 1989 to 2004 raising $12 billion of private equity funds and consummated over $50 billion which grew to become one of the largest private investment firms of the nation at the time.
In 2004, he announced his leave from the Hicks Muse to spend time with his family and sports team but remain active over his own ventures. In the 1990s, he bought his wife’s family oil rental outfit after he created Hicks Holdings, a real estate empire and a vehicle for his sports. He formed another company Hicks Acquisition Company I, Inc in 2009 which he merged into Resolute Energy Corporation. Further, he didn’t sit on the board of directors but his son Thomas represented on the board.
Sports Team Owner:
Apart from his business ventures, in 1995 he shifted to the sports section and bought the National Hockey League Dallas Stars for $82 million. In 2010, the company had $525 million in bank loans and backed by the Stars which later file for bankruptcy and sold at auction in 2011. He had also bought Texas ranger in June 1998 of Major League Baseball’s American League from George W. Bush. On 1 February 2007, he decided to purchase English Premier League club Liverpool F.C. in a consortium with one-time friend George N. Gillet Jr. owner of Montreal Canadiens.
However, on 6th February, Hick and Gillet formally accepted to bought jointly valuing the club at $432.9 million. Next year on 22 January, a petition made to sell their shares in Liverpool to Dubai International Capital by the majority of Liverpool at the game between Liverpool and Aston Villa as their way of running the club. After many threats and viral YouTube videos ‘Dear Mr Hicks’, he lost his ownership of Liverpool on 10 October 2010, and the club sold to New England Sports Ventures.
Tom Hicks: Personal Life & Wife
Moving toward his personal life, he is a married man with his son, Thomas O. Hicks, Jr. represents HACI on the board. The Sports team owner has married a lady named Cinda and been together for over 25 years. The couple together had welcomed two children from their marriage: a son William and a daughter Catherine.
Furthermore, he previously was married to his ex-wife Luann Hicks. With his ex-wife, he had produced Four sons: Tommy, Mack, Alex, and Bradley. Other than this, he has not discussed much of his private affairs in the media. Additionally, his elder son Thomas O. Hicks Jr. commonly called Tommy has also walked in his father’s footsteps and works as a private equity investor.
Tom Hicks: Net Worth & Social Media Profiles
He has made an enormous amount of fortune from his career as a leveraged buyout businessman and former professional sports team owner. His main source of income is from his company Hicks Holdings LLC and other business ventures. Therefore, he has a net worth estimated at around $1 billion from his career. Additionally, he resides in a mansion worth millions of dollars in Dallas, Texas. Also back in 2016, he sold his $100 million mansion in North Dallas. Moreover, it seems that he is not available on today’s social media platforms like Facebook and Instagram.
Tom Hicks: Body Measurements
The man in his seventies has a well-maintained body type that stands to a height of around 5 feet 8 inches or 1.72 meters. Other than this, there is no information on his body weight or body measurements. He has grey-silver hair color and green hair color.