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WILL THE KINGS' FINANCIAL WOES SEND THE GREAT ONE NORTH?
Published June 19, 1995
ESPN's Keith Olbermann reported Sunday night that the Kings' financial situation "was so precarious during the season that the NHL itself loaned several million dollars to the franchise to keep it afloat." Olbermann reported that sources "close to the Kings' business operation," said that "deferred salary payments to Wayne Gretzky have become such a hinderance to finding a new owner that the league has discussed assuming those payments itself or even dealing Gretzky off to a franchise willing to do so -- possibly Toronto" ("SportsCenter," ESPN, 6/18). LEGAL UNEASE: One contention of the lawsuit filed by the bankruptcy trustee controlling Bruce McNall's assets is "to have last year's sale of the Kings voided" because new co-owners Jeffrey Sudikoff and Joseph Cohen "failed to live up to an earlier agreement to put $20 million into the franchise" (Lisa Dillman, L.A. TIMES, 6/17).