Stars owner Tom Hicks today denied a report in the Globe and Mail newspaper that the Stars are one of six teams that have needed an advance in revenue sharing or television money that typically is given to teams in October.
In an e-mail replay asking if the Stars had received money from the NHL, Hicks wrote: ``We did not. We received advances from our banks.''
Globe and Mail reporter David Shoalts reported today that the Stars were among six teams that needed advances, also citing Atlanta, Phoenix, Florida, the New York Islanders and (maybe) Tampa Bay. On the Stars, Shoalts wrote: ``The Stars are not normally found in this group but the team's on-ice woes combined with the financial problems of owner Tom Hicks mean there are no checks coming from him to cover any losses.''
Hicks said in February that he lent $85 million of his own money to Hicks Sports Group, which defaulted on $525 million worth in loans in March of 2009. The team currently is for sale and potential buyers are in the process of looking at the team and its finances. The Rangers reported last year that they had borrowed $15 million from Major League Baseball.