NHL Reinstates Ducks' Disgraced Owner Henry Samueli
Via the Anaheim Ducks, the National Hockey League announced today that Henry Samueli has been reinstated as an owner.
The Broadcom co-founder and Corona del Mar resident, whose net worth Forbes pegged at $2.3 billion in 2007, bought the Ducks with his wife Susan Samueli in June 2005 from the Walt Disney Co. for $75 million. The Ducks won the Stanley Cup in '07 under the ownership of Samueli, who also owns the company that operates the Honda Center that is owned by the city of Anaheim.
On June 23, 2008, Samueli pleaded guilty for lying to SEC for $2.2 billion of backdating as part of government probe of Broadcom, and under a plea agreement he was sentenced to five years probation, a $250,000 criminal fine and a $12 million payment to the U.S. Treasury. The NHL responded by immediately suspending Samueli.
Fifteen months later, he's back in. Makes one wonder what changed. The original Duck post follows . . .
NHL REINSTATES SAMUELI
The National Hockey League (NHL) announced today that Anaheim Ducks Owner Henry Samueli has been reinstated as an active NHL owner. Co-Owner Susan Samueli, who was abiding by the terms of her husband's suspension (June 24, 2008), is also returning to her ownership role. NHL Commissioner Gary Bettman issued the following statement:
"We welcome Henry and Susan Samueli back as fully reinstated owners and members of the NHL community," said Commissioner Bettman.
Henry Samueli will return to his role of Club Governor, with Co-Owner Susan Samueli and Chief Executive Officer Michael Schulman acting as Alternate Governors. Schulman, Executive Vice President/General Manager Bob Murray and Executive Vice President/Chief Operating Officer Tim Ryan will continue to run the day-to-day operations of the club, with Murray and Ryan reporting to Schulman.
"Susan and I are very happy to be returning to work with the Ducks," said Henry Samueli. "We are thankful to have had great leadership in place that successfully operated the team during this time and look forward to reestablishing contact with the organization. Our goal remains the same - to be a championship-caliber organization both on and off the ice. We are also pleased to be able to return to a more active role in the many philanthropic efforts that the Ducks have undertaken throughout the Southern California community."
Henry and Susan Samueli purchased the club on June 20, 2005. The Ducks became the first California-based club to win the Stanley Cup (2007) and have qualified for the playoffs in four consecutive seasons. The club has won more playoff games since 2005-06 (34) than any other team in the NHL with the exception of Detroit (43 wins) and has played to Honda Center crowds at 95.2% of capacity during that time.
Get the ICYMI: Today's Top Stories Newsletter
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Orange County, delivered to your inbox Monday through Friday.