Aug 16, 2011, 11:35 AM EST
A baseball owner is being accused of looting his team for tens of millions of dollars in order to buy parking lots. Yeah, you know who I’m talking about.
Oh, no. Actually it isn’t Frank McCourt. It’s the Rangers’ former owner, Tom Hicks:
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.
The money he used was supposed to go to players and those on deferred compensation schedules, the lawsuit says. Hicks, not surprisingly, denies the claims.
Nothing ever ends when rich guys fight over cash. Ever.
- Reds sign four-year contract extension with Devin Mesoraco 10
- The Yankees are going to try to get out of paying A-Rod his contract incentives 69
- How Commissioner Rob Manfred Can Make Baseball More Appealing 60
- Blue Jays cut off talks for Orioles executive Dan Duquette 47
- Rob Manfred, new Major League Baseball commissioner, suggests ban on defensive shifts 118
- Yankees reject A-Rod’s apology attempt 47
- Joe Posnanski: Remembering ‘Mr. Cub,’ Ernie Banks 17
- What they’re saying about the passing of Cubs legend Ernie Banks 8
- Bud Selig: The Greatest Commissioner in the History of Baseball (144)
- Max Scherzer’s seven-year deal with Nationals worth $210 million (119)
- Rob Manfred, new Major League Baseball commissioner, suggests ban on defensive shifts (118)
- Comments of the Day: some of you guys aren’t big Bud Selig fans (77)
- The 2015 Braves have “gravitas” and “veteran leadership” and will have dirty uniforms. Just kill me now. (76)