After hearing that Tom Hicks was going to put together his own proposal and was working toward getting local investors, the natural question is why go through all the work of having others put together proposals?
But Hicks is committed to a process that was started months ago.
"I've committed to baseball and to other people to give them a chance to put their best foot forward," Hicks said. "People have put a lot of work into this and I want to see what the best proposals are."
Hicks said one big lesson he's learned in business is the danger of accumulating too much debt. His group would be committed to have little debt associated with the bid. But I also think Hicks understands that this is about what's best for Hicks Sports Group. If someone comes in with a proposal that can pay off HSG's debt and better position the company for the future, Hicks has to consider that. HSG has 40 lenders who have a say in this too.
So Hicks has to sell them on the fact that he has the right group to do that. That's why he said he'll put a proposal together like anyone else. It will be interesting to see what happens.