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Dallas Stars Lenders Said to Vote for Bankruptcy Court Auction

The Dallas Stars, the hockey team owned by former billionaire Thomas Hicks, won support from lenders for a plan file bankruptcy and sell the club at an auction, a person familiar with the results said.

Under the proposed bankruptcy plan, investor Tom Gaglardi, chairman and chief executive officer of Sandman Hotels, Inns & Suites, would be the lead bidder for the team, said the person, who declined to be identified because the plan isn’t yet public.