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.