Ex-Rangers owner, plan administrator settle suit

The Texas Rangers' post-bankruptcy plan administrator and the team's former owner have settled a lawsuit over money generated from stadium parking lots.

A court document filed Monday notes the settlement of the suit filed by administrator Alan Jacobs against Tom Hicks. Jacobs had accused Hicks of improperly taking millions of dollars from parking lots he controls at Rangers Ballpark in Arlington and nearby Cowboys Stadium.

The filing provided no details, and attorneys didn't respond to messages Tuesday.

The lawsuit was filed in 2011 in state court in Dallas, accusing Hicks of ignoring team obligations to "build a real estate empire on the backs of the Texas Rangers' players and creditors and fans."

Hicks owned the club from 1998 until it emerged from bankruptcy with new ownership in 2010.


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