Hicks Sports Group Thursday confirmed that Galatioto Sports Partners has been retained to examine and advise the Dallas Stars
on the possibility of securing new investors or selling a majority stake in the Dallas Stars
Last month, HSG announced it had reached a definitive agreement to sell its major league baseball club, the Texas Rangers. Officials said the Stars are in a "position of strength" because of the team's long-term success.
"While a sale is not a certainty," said Jeff Cogen, president of the Dallas Stars
, "it is a possibility, and Mr. Hicks has received numerous inquiries about the team. Those potential investors recognize that the Stars are a success story. We have the third best record in the NHL since 1996. If you look at the team, it has been built in the right way---building from within. It's a role model, especially for the Sunbelt teams."
General Manager Joe Nieuwendyk
, echoed Cogen's statement.
"I am not surprised there is interest in this franchise," said Nieuwendyk. "I believe it is positioned for greatness for many years because of the youth in our system, our tradition of winning, and we have an established and enthusiastic fan base."