The Dallas Stars are a professional ice hockey franchise in the National Hockey League (NHL), based in Dallas, Texas, United States. They compete in the Western Conference / Central Division. Founded originally as the Minnesota North Stars in 1967, the franchise relocated to Dallas in 1993. Since 2011, the team has been led by its current owner, who brought stability after a period of financial distress.
Ownership Status of the Dallas Stars
The Dallas Stars are privately owned, not a publicly traded company. Their ownership is held by one principal individual through his business interests.
The owner is Tom Gaglardi (full name R. Thomas Gaglardi). He is the Owner, Governor and Chairman of the Dallas Stars Hockey Club.
He formally took over ownership on November 18/21, 2011 (sources vary slightly) when the franchise was acquired following bankruptcy proceedings.
Key Shareholder Highlights
Because the team is privately held, there is no public table of multiple shareholders as you would find for a public company. Instead, the key facts are:
| Shareholder / Entity | Role / Stake | Notes |
|---|---|---|
| Tom Gaglardi (and his business group) | Principal owner/majority stake | Took over the team in 2011 |
| — | — | Other investors or minority partners (if any) are not publicly detailed. |
Note: Because the Dallas Stars are privately held, changes in ownership stakes aren’t required to be filed publicly in the same way as publicly traded companies.
About The Majority Owner Tom Gaglardi
Tom Gaglardi is a Canadian business executive (born December 7, 1967) who serves as President of Northland Properties Corporation, a large, family-owned hospitality and real-estate company based in Vancouver, British Columbia.
He became the owner of the Dallas Stars in 2011, after a process that began in 2009 and involved purchasing the team when it was in bankruptcy.
Under his leadership, the Stars have aimed to re-establish themselves both on-ice and in the business realm. For example, the team’s identity was updated and its operational structure revamped. Gaglardi’s background in hospitality (hotels, restaurants, real estate) means his approach to owning the team blends sports-franchise management with broader business acumen.
Tom Gaglardi Net Worth
Estimating net worth for privately held individuals involves approximation. Here are some publicly reported approximations for Tom Gaglardi:
- As of 2018, he was reported as having a net worth of US$3.92 billion.
- A 2021 estimation by a Canadian source placed his worth at around US$1.6 billion.
- The family business (Northland Properties family) was reported in 2023 as having combined worth of about US$7 billion.
Given the variance in estimates, it’s safe to say Tom Gaglardi is a multi-billionaire, though the exact figure depends on how one values his privately-held assets and liabilities.
Recent Developments in Ownership
Since Tom Gaglardi’s acquisition, there have been several noteworthy developments:
- The team purchased its AHL affiliate Texas Stars as part of the broader hockey-operations structure.
- The Dallas Stars were valued at approximately US $2 billion as of 2025.
- The previous owner, Tom Hicks, left the franchise financially troubled; Gaglardi inherited the challenge of turning things around.
- Gaglardi has made front-office and brand changes: he reinstated former President/CEO Jim Lites, refreshed the team’s identity (including the “Victory Green” accent), and re-positioned the organization in the Dallas-Fort Worth market.
FAQs
1. Who is the current owner of the Dallas Stars?
The current owner is Tom Gaglardi, who serves as Owner, Governor and Chairman of the Dallas Stars Hockey Club.
2. Is the Dallas Stars publicly traded or privately owned?
The Dallas Stars are privately owned by Tom Gaglardi (through his business group). They are not traded on a public stock exchange.
3. Who founded the Dallas Stars?
The franchise began as the Minnesota North Stars in 1967, relocated to Dallas in 1993. The notion of a “founder” in business-ownership terms doesn’t fully apply, but the current ownership took over in 2011.
4. Has the ownership changed recently?
The primary ownership has remained consistent since 2011. There have been no public announcements of major ownership changes since then.
5. What is Tom Gaglardi’s net worth?
Estimates vary: around US$3.9 billion in 2018, a lower estimate (~US$1.6 billion) in 2021, and part of a family business worth ~US$7 billion. The exact figure is not publicly confirmed.
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