A Legacy That Transcends Sports
Tom Hicks, a prominent Dallas businessman and sports mogul, passed away on December 6, 2025, at the age of 79, marking the end of an era for many in the sports and business communities. His influence stretched far beyond the realms of private equity, where he helped revolutionize investment strategies, shaping a generation of investors. Hicks co-founded Hicks & Haas and later Hicks, Muse, Tate & Furst, successfully executing landmark deals such as the Dr Pepper/7UP merger. His imaginative approach to the leveraged buyout played a pivotal role in forming what would become one of the largest private equity firms of its time.
Champion on and off the Field
A devoted sports enthusiast, Hicks owned the NHL’s Dallas Stars from 1995 to 2011. Under his stewardship, the Stars clinched the Stanley Cup in 1999 and earned several division titles. He also owned the Texas Rangers from 1998 to 2010, guiding the franchise to three American League West Division titles, culminating in their first World Series appearance in 2010. This dual ownership made him one of the few to hold sway in both hockey and baseball, along with a notable 50% stake in Liverpool F.C., which added a European flair to his impressive resume.
Deep Roots in Community Philanthropy
Hicks was not only a force in the business and sports arenas but also a passionate philanthropist committed to improving the Dallas community. He was integral in the development of the American Airlines Center, significantly contributing to revitalizing downtown Dallas. His dedication to education also led to the establishment of Tom Hicks Elementary School, embodying his belief in investing in future generations. The sentiments expressed by family and colleagues illustrate that, beyond his professional accomplishments, his most cherished title was 'Dad,' reflecting his unwavering love and commitment to his family.
Reflections on His Impact
Friends and colleagues recalled Hicks not just as a formidable businessman but as an emblem of integrity and support in the community. Dallas Cowboys owner Jerry Jones shared how Hicks's vision truly resonated with the ethos of sportsmanship, emphasizing the personal relationships he cherished beyond the world of business. “Being shoulder to shoulder with him was always about more than ballparks and stadiums,” Jones stated, reinforcing the genuine connections Hicks fostered with those around him.
A Lasting Legacy
Tom Hicks’s passing leaves a void in both the business and sports communities. However, his profound legacy—marked by transformative business practices, championship-winning teams, and lasting community contributions—will undoubtedly endure for many years to come. Friends and family remember him for his affection, generosity, and loyalty, illustrating that as much as he impacted the world, it was his role as a family man that brought him the most pride.
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