Penguins Holding Watch Parties After All NBC/NBCSN Down For NHL Season Blackhawks Again Lead NHL Attendance Sponsors Activate Around Stanley Cup Playoffs Maple Leafs' Shanahan Preaches Patience Bruins GM, Coach Await Their Fates Whalers Merch Still Drawing Interest 18 Years Later NHL Attendance Flat For '14-15 Season Penguins Ditch Big-Screen Playoff Viewing NBC, NHL Promote Playoffs With Candy Contest
Upcoming Conferences and Events
MCNALL'S STAKE IN THE KINGS TURNED OVER TO A TRUSTEE
Published September 29, 1994
A dispute over who will control L.A. Kings President Bruce McNall's assets -- including his remaining 28% in the Kings -- "has been resolved, with McNall agreeing to turn over clear control to a court-appointed bankruptcy trustee." The agreement gives trustee R. Todd Neilson "clear authority to sell McNall's interest in the Kings at some point. No sale is planned, and Neilson has agreed to abide by NHL rules requiring league approval if he chooses to sell the stake." The agreement also states Neilson is not waiving his rights to potentially challenge McNall's sale of 72% of the team to Jeffrey Sudikoff and Joseph Cohen. "Sources, however, indicate that such a challenge is unlikely and that Neilson is simply preserving his rights." Attorneys for McNall and the trustee "hailed" the agreement as a positive step (OTTAWA CITIZEN, 9/29).