Stars president confirms financial woes

Updated: February 5, 2010, 12:24 PM ET
By Richard Durrett | ESPNDallas.com

Hicks Sports Group is examing the "possibility of securing new investors or selling a majority stake" in the Dallas Stars, according to a release Thursday.

Hicks Sports Group said it has hired Galatioto Sports Partners to "examine and advise" the team, according to the release. Owner Tom Hicks is not quoted in the release and is currently out of the country.

Team president Jeff Cogen said earlier Thursday the club has had "seasonal cash flow needs" since the Stars and Texas ...

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