SBD/Issue 152/Sports Industrialists
Financial Adviser Accused Of Scamming NHLers Out Of Millions
Published April 27, 2009
Arizona business exec Phillip Kenner, an “unlicensed financial adviser who bills himself as a ‘lifestyle coach,’ scammed several NHL players out of millions of dollars,” according to sources and a lawsuit filed by former NHLer Joe Juneau cited by Thompson & O’Keeffe of the N.Y. DAILY NEWS. Juneau has accused Kenner of “failing to provide even basic accounting information regarding the handling” of his finances. A source said that Kenner and his associates “may have defrauded Juneau and other players out of as much as $20[M]” (N.Y. DAILY NEWS, 4/26).
DISPUTE RESOLUTION: The GLOBE & MAIL’s Tim Wharnsby reported a “32-month dispute” between Islanders G Rick DiPietro and his former agent, Bobby Orr, “has been resolved.” DiPietro “will fork over $300,000 to the Orr Hockey Group as the result of a settlement between the two sides over a quarrel stemming from” the 15-year, $67.5M contract DiPietro signed in September ’06. DiPietro “had refused to pay the agent’s fee on the grounds he had not signed a standard player agent contract (SPAC) with Paul Krepelka, who works for Orr’s agency.” Krepelka “never disputed that a SPAC was not signed, but felt DiPietro still owed the Orr Hockey Group because he negotiated the contract” (GLOBE & MAIL, 4/25).