Anaheim Ducks Ownership
In June 2005 he and his wife Susan bought the NHL's Mighty Ducks of Anaheim from the Walt Disney Company for $75 million. The deal also included Anaheim Arena Management, the company that operates the city-owned Arrowhead Pond of Anaheim, the home of the Ducks. In 2006, Samueli announced he was changing the team's name to the Anaheim Ducks and the arena's name to the Honda Center. The Ducks are now worth a reported value of $188 million.
Under the ownership of Samueli and his wife Susan, the Ducks won the 2007 Stanley Cup championship, becoming the second-westernmost team to win the trophy.
In June 2008, the NHL indefinitely suspended Samueli as owner after he pleaded guilty to lying to U.S. securities regulators.
On November 12, 2009, when it became apparent that the charges were baseless, National Hockey League Commissioner Gary Bettman reinstated Henry Samueli as owner of the Anaheim Ducks.
The case was ultimately dismissed on December 10, 2009, by U.S. District Judge Cormac J. Carney. Reinforcing commissioner Bettman's decision and exonerating Samueli.
Read more about this topic: Henry Samueli
Famous quotes containing the words ducks and/or ownership:
“For hours, in fall days, I watched the ducks cunningly tack and veer and hold the middle of the pond, far from the sportsman;... but what beside safety they got by sailing in the middle of Walden I do not know, unless they love its water for the same reason that I do.”
—Henry David Thoreau (1817–1862)
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)