The Texas Rangers announced on Sunday morning that former owner Tom Hicks died at age 79. He owned the team from 1998 to 2010.
Here is a statement from the Rangers:
“Mr. Hicks was a passionate and competitive owner and Texas Rangers fan,” the statement read. “The club extends its thoughts and prayers to Mr. Hicks’ wife Cinda, his six children and his entire family as they mourn a legendary Texas businessman, philanthropist, and sportsman.“
Hicks was a private equity investor in Dallas. He made over $1 billion as part of a partnership that invested in 7 Up and Dr.