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Samueli is Suspended
by Alanah McGinley on 06/24/08 at 03:34 PM ET
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Commissioner Gary Bettman today announced that Henry Samueli, owner of the Anaheim Ducks, has been suspended indefinitely from any involvement with the Ducks and the National Hockey League.
On Monday, Mr. Samueli pleaded guilty to one count of making a false statement to the Securities and Exchange Commission. Sentencing by the U.S. Federal District Court is scheduled for August 18. Following sentencing, the League will review Mr. Samueli’s status and will finalize the duration of his suspension as well as any other action that may be deemed appropriate.
During his suspension, Mr. Samueli may not be involved in Club matters or activities.
Michael Schulman, current alternate governor, will serve as the Club’s governor and will be responsible for managing the operations of the Club, reporting to the Commissioner. In the event Mr. Schulman determines that the Club needs financial assistance from ownership, or raises any other issue that might need ownership involvement, he shall communicate that need to the Commissioner, who then will make the appropriate arrangements.
“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,” Commissioner Bettman said.
Mrs. Susan Samueli, co-owner of the Ducks, has advised the League that, in support of her husband and to avoid any possible improper appearance, she intends to abide by the terms of her husband’s suspension.
Filed in: NHL Teams, Anaheim Ducks | KK Hockey | Permalink
Tags: gary+bettman, Henry+Samueli, press+release,
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This updated story from TSN has a few more quotes.
I’m a little confused on how the suspension of an owner actually works. Certainly there will be issues that “might need ownership involvement.” So when these issues arise, Schulman must go to Bettman, who goes to Samueli, who gets back to Bettman, who then gets back to Schulman??? Aside from the communication delays, how is this any different than Samueli maintaining his ownership directly???
Posted by BobTheZee on 06/24/08 at 11:10 PM ET