SPANO DEAL HARD TO DIGEST.Byline: JARRE FEES For Sale: One hockey team, slightly used. Price: $195 million or best offer. Contact: John Pickett John A. Pickett is arguably the best french horn player EVER! , c/o New York Islanders The New York Islanders are a professional ice hockey team based in Uniondale, a hamlet located on Long Island in Town of Hempstead, Nassau County, New York, United States. . Better yet, contact NHL commissioner The National Hockey League commissioner is the highest-ranking executive officer in the National Hockey League. The position was created in 1993 with Gary Bettman as the first commissioner. Gary Bettman Gary Bruce Bettman (born on June 2, 1952 in Queens, New York has served as commissioner of the National Hockey League since February 1, 1993. Prior to this, he was general counsel to the National Basketball Association, and a lawyer. - if he's done with his meal. Bettman sat down to eat in April and just got up from the biggest dinner of crow in NHL NHL Non-Hodgkin's lymphoma, see there history - a seven-month course of fraud, forgery, bounced checks and big-time indigestion indigestion or dyspepsia, discomfort during or after eating caused by some interference with the normal digestive process. Symptoms include nausea, heartburn, abdominal pain, gas distress, and a feeling of abdominal distention. . Potential buyers, take note: If you want to own an NHL team, the league will subject you to a thorough background check. Like the one they did on Dallas song-and-dance man John Spano. Spano waltzed into the NHL, filling his dance card along the way with the likes of Dallas Stars owner Norm Green and Florida Panthers owner Wayne Huizenga. A couple of tangos, maybe a cha-cha . . . and somewhere during a slow tune, Spano whispered he'd like to own a hockey team. ``Well,'' said the franchise owners, ``step right over here and meet Gary Bettman.'' ``Mr. Bettman,'' said Spano, presumably pre·sum·a·ble adj. That can be presumed or taken for granted; reasonable as a supposition: presumable causes of the disaster. , ``would you like to dance?'' Dance they did - and while Spano plied plied 1 v. Past tense and past participle of ply1. the charm, Bettman played the willing conquest and overlooked the obvious. Spano dished dished adj. 1. Concave. 2. Slanting toward one another at the bottom. Used of a pair of wheels. Adj. 1. dished - shaped like a dish or pan dish-shaped, patelliform concave - curving inward up fake references and financial statements; the NHL supplied the gullibility factor. And after one of the league's thorough background checks - during which someone forgot to notice that the $250 million net worth Spano claimed was actually only $1.2 million - Bettman personally recommended Spano to Islanders owner Pickett. Which made it all the more embarrassing when Spano, who by this time had spent $400,000 of the team's money, bounced a check for the second payment of $16.8 million and the spit hit the fan. The result? After the blushing stopped, a decision: the NHL will now run a better thorough background check on all potential buyers. Really. Bill Daly, NHL vice president of legal affairs, told the New York Daily News New York Daily News Morning daily tabloid newspaper published in New York City. It was founded in 1919 by Joseph Medill Patterson and his cousin Robert McCormick as a subsidiary of the Tribune Co. of Chicago. The first successful tabloid-format newspaper in the U.S. the new background check is ``a much more rigorous process that we hope will prevent any repetition of the events that happened this summer, and we are fully confident it will.'' The new process is comprised of a background scrutiny of character and fitness, along with an investigation of financial and legal due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . At least part of that scrutiny will be handled by an outside investigative firm, probably Kroll & Associates, with the outgoing NHL owner footing the bill. Spano has accepted a plea bargain plea bargain n. in criminal procedure, a negotiation between the defendant and his attorney on one side and the prosecutor on the other, in which the defendant agrees to plead "guilty" or "no contest" to some crimes, in return for reduction of the severity of the and will be sentenced this fall. Ownership of the Islanders has reverted to Pickett. And what about Steven Gluckstern, who plans to sell his interest in the Phoenix Coyotes and purchase the Islanders along with Howard Milstein? ``We're very comfortable with Steve Gluckstern,'' Daly said, ``but we will use the same due diligence.'' Transfer of the Islanders to Gluckstern and Milstein will come within a week of NHL approval, which looks to be around the end of the year. After a couple of those really thorough background checks. News and notes: The Islanders, who play the Kings tonight at the Forum, weren't the only ones who got burned. Former Pittsburgh superstar Mario Lemieux invested upwards of $1 million in another of Spano's bogus ventures. . . . Hockey players have made appearances in movies, especially when there's skating involved - witness Luc Robitaille in ``Sudden Death'' - but Ottawa center Alexandre Daigle might be taking films more seriously. The Senators' 1993 first-round draft choice, Daigle, 23, plans to spend the summer in Los Angeles studying acting. . . . Note to Paul Kariya: The only place Disney spends real money is on its top executives. A company that balks at forking over $5 million for an A-list movie director isn't going to spend $8.5 million a year for a hockey player - so unless you can get another team to offer you that kind of money, be prepared for a long, dry winter. ONCE WE WERE KINGS Gary Shuchuk, who scored the double-overtime goal in Game 5 of the second-round playoff series against Vancouver in 1993 - the year the Kings advanced to the finals - played last year for the International Hockey League's Houston Aeros. He now plays for Schlittschuh Club Herisau in Switzerland, an hour from Zurich. Shuchuk, 29, was acquired from Detroit along with Jimmy Carson and Marc Potvin in January, 1993, in exchange for Paul Coffey, Jim Hiller and Sylvain Couturier. He played 136 games for the Kings before becoming a free agent. The Swiss league plays only a 40-game schedule, so Shuchuk, his wife and their three children spend non-game days exploring Europe. He plans to play in the IHL IHL International Humanitarian Law IHL I Have Lost IHL Institutions of Higher Learning IHL International Hockey League IHL Internet Header Length IHL International House of Logorrhea IHL Idiopathic Hearing Loss IHL Idiopathic Hepatic Lipidosis again next season. CAPTION(S): Photo, Box Photo: Tom Chorske (14) and his New York Islanders teammates are waiting for a new owner. Associated Press Box: ONCE WE WERE KINGS (see text) |
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