Minding My Business With CFP Exec Dir Bill Hancock Executive Transactions Names In The News '17 Sports Business Awards NBA's Silver Tops SBJ Most Influential List Charlotte Agencies BlueCap, Arthur Elliott Merge Reactions Continue On Selig's HOF Election V Foundation Starts New Fundraising Campaign Executive Transactions Names In The News
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).