Former Rangers Owner Tom Hicks Passes Away

The Rangers announced this morning that Tom Hicks has passed away at the age of 79. Hicks owned the Rangers from 1998 to 2010. The club released a statement about Hicks’s passing.

“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.“

A private equity investor based in Dallas, Hicks made over $1B as part of a partnership that invested in soft drink brands Dr. Pepper and 7 Up and merged the two companies together in the late 1980s. Hicks moved into sports franchise…