A source reveals that Major League Baseball has loaned around $15 million to Texas Rangers owner Tom Hicks to help him meet payroll. The multi-millionaire’s financial position has been shaken by the recent economic meltdown and he is reportedly seeking to sell the franchise.

On July 2, 2009 A source reveals that Major League Baseball has loaned around $15 million to Texas Rangers owner Tom Hicks to help him meet payroll. The multi-millionaire’s financial position has been shaken by the recent economic meltdown and he is reportedly seeking to sell the franchise.

 

Source:

Baseball Reference July 2

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