Posts Tagged ‘National Hockey League’

ANAHEIM DUCKS OWNER SUSPENDED BY NHL

June 25, 2008

FROM PINSTRIPES TO PRISON STRIPES? ANAHEIM OWNER HENRY SAMUELI

One day after pleading guilty to making a false statement to the Securities and Exchange Commission Anaheim Ducks owner, Henry Samueli, has been suspended indefinitely by the National Hockey League.

NHL commissioner Gary Bettman says the suspension bars Samueli from having any involvement with the team or the league. He added,

“While Mr Samueli has been an exemplary owner, we hold NHL personnel to the highest standards and this plea requires the imposition of discipline under League rules.”

Samueli was accused of backdating stock options for his tech company Broadcom. Under terms of his plea agreement, Samueli agreed to serve a sentence of five years probation, pay a $250,000 fine, and make an additional  $12 million payment to the US Treasury. His sentencing is scheduled for August.


Follow

Get every new post delivered to your Inbox.