SBD/15/Sports Industrialists

Print All
  • BRUCE McNALL TO PLEAD GUILY TO FELONY CHARGES

         L.A. King President BRUCE McNALL was formally charged
    yesterday with defrauding six banks of more than $236M over 10-
    years in a "long-awaited plea agreement with federal prosecutors,
    the culmination of a dizzying collapse that is virtually
    unprecedented in the sports business."  The 4-count criminal
    information consists of two counts of bank fraud, one count of
    conspiracy and one count of wire fraud.  According to his
    attorney, McNall plans to "formally plead guilty to all counts."
    The charges also allege for the first time that McNall and his
    execs in one deal "took advantage of Kings superstar WAYNE
    GRETZKY.  According to the charges, McNall improperly pledged
    their horse "Honor Grades" to Union Bank as collateral for an
    $850,000 loan without telling Gretzky, representing to the bank
    that the horse was 100% owned by McNall's Summa Stables.  McNall
    was expected as early as today to give up his "high-profile"
    title of president of the Kings, although he will continue to
    work for the team and draw a 6-figure salary through 2001 (Bates
    & Dillman, L.A. TIMES, 11/15).  A conviction could bring up to 45
    years in prison (AP/TORONTO STAR, 11/15).
    

    Print | Tags: People and Pop Culture
  • EXECUTIVE TRANSACTIONS

         BOB GOLD has been promoted to VP/Marketing and
    Communications at Prime Ticket Network (Prime)....Ride Snowboard
    Co. has promoted TIMOTHY POGUE to President from Exec VP and COO
    (Ride).
    

    Print | Tags: People and Pop Culture
  • FOREMAN HITS TALK-SHOW CIRCUIT HARD ... REAL HARD

         New WBC/IBF Heavyweight Champion George Foreman was on with
    David Letterman last night and on "Today" this morning.  From
    "Late Show" -- On his immediate fight plans: "I need to fight
    someone I can surely whip."  On how much money he has made in his
    career:  "Oh, I just can't remember.  I got so many kids that
    every time you blink they're taking more money out the door.  And
    I got so many cousins, I wouldn't dare say how much I made."  On
    Don King:  "He's a terrible guy.  He's mischievous.  Diabolical.
    Are there any other names?  But I love him.  Boy, is he a bad
    guy" (CBS, 11/14).  From "Today" -- On being middle-aged: "I'm
    just a standard-bearer for the next century."  On some of his
    endorsement offers: "I like the idea of selling. ... I tell my
    kids, if you learn to sell, you'll never starve."  On why he
    became so popular: "Most people have restaurants and they know
    when I get money that I'm coming" (NBC, 11/15).
    

    Print | Tags: CBS, NBC, People and Pop Culture, Viacom
  • NAMES IN THE NEWS

         A's owner Walter Haas Jr. and Blue Jays President & CEO Paul
    Beeston testified on behalf of DAVE STEWART on videotape Monday
    in the trial that accuses Stewart and TODD STOTTLEMYRE of battery
    on a police officer (ST. PETE TIMES, 11/15)....BROOKE SHIELDS on
    her first date with ANDRE AGASSI: "We went out to dinner, and we
    were sitting in a restaurant and having pasta. ... We weren't
    eating our food, and the waitress came by and said, 'Are you
    ladies enjoying your food'" ("Late Show," CBS, 11/14)....GABRIELA
    SABATINI appeared on ABC's "GMA" pushing her new autobiography
    and the book's companion "Gaby" doll (ABC, 11/15).
    

    Print | Tags: ABC, CBS, Oakland Athletics, People and Pop Culture, Toronto Blue Jays, Viacom, Walt Disney
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug