Former Liverpool F.C., Rangers owner Tom Hicks buys in La Jolla

Tom Hicks, the Dallas financier who once owned the Dallas Stars, Liverpool F.C. and Texas Rangers sports franchises, has quietly closed sale on a home in La Jolla for $1.89 million.

The 1950 residence occupies a corner lot within walking distance of La Jolla Bay, making it an ideal tear-down candidate. A single-story floor plan has three bedrooms and three full bathrooms in 1,661 square feet of living space.

Hicks, 68, amassed a billion-dollar fortune in the leverage buyout industry. He previously owned the NHL’s Dallas Stars, MLB’s Texas Rangers and a 50% stake in the English Premier League’s Liverpool soccer club.

The businessman previously made real estate headlines in 2013 when his Preston Hollow residence known as the Crespi-Hicks estate was marketed off the Multiple Listing Service at $135 million. Found in Mayflower Estates, the 25-acre compound includes a five-story main house, a two-story guest house and a three-story pool house that combine to offer 42,500 square feet of living space.

Property records show that Hicks and his wife, Cinda, own a second, oceanfront property in La Jolla that they purchased in 1994 for $1.875 million.

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