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Bruce McNall AI simulator
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Bruce McNall
Bruce Patrick McNall (born April 17, 1950) is an American former sports executive, and convicted felon who once owned the Los Angeles Kings of the National Hockey League (NHL) and the Toronto Argonauts of the Canadian Football League (CFL).
McNall claimed to have made his initial fortune as a coin collector, though Metropolitan Museum of Art director Thomas Hoving claimed he smuggled art antiquities as the partner of Robert E. Hecht. In the 1980s McNall produced several Hollywood movies, including The Manhattan Project and Weekend at Bernie's.
McNall bought a 25 percent stake in the Kings from Jerry Buss in 1986, and bought an additional 24 percent in 1987 to become the team's largest shareholder. He was named team president that September, and purchased Buss's remaining shares in March 1988.
In 1992, McNall was elected chairman of the NHL Board of Governors, the league's second-highest post.
At one point, he also owned the finest copy of the most expensive baseball card, Honus Wagner's 1909 T206 card.
In December 1993, McNall defaulted on a $90 million loan, and Bank of America threatened to force the Kings into bankruptcy unless he sold the team. He sold controlling interest in the Kings in May 1994 and resigned as chairman of the board of governors, though he still remained as president and governor of the Kings for a time.
In early 1994, he granted an interview to Vanity Fair in which he admitted smuggling many of his prized coins out of foreign countries; his admissions led to the shutting down of his numismatics firm, Numismatic Fine Arts, that year by the FBI (including seizure of computers and printed documents from NFA's offices in the Century City office complex). His claim of graduating from the University of Oxford was also debunked.
Later that year, McNall sold the Argos to league television partner TSN in May 1994, a sale delayed by John Candy's death that March. The team had lost several million dollars over four years, and McNall concluded he could not justify those losses as an absentee owner 3,000 miles away.
Bruce McNall
Bruce Patrick McNall (born April 17, 1950) is an American former sports executive, and convicted felon who once owned the Los Angeles Kings of the National Hockey League (NHL) and the Toronto Argonauts of the Canadian Football League (CFL).
McNall claimed to have made his initial fortune as a coin collector, though Metropolitan Museum of Art director Thomas Hoving claimed he smuggled art antiquities as the partner of Robert E. Hecht. In the 1980s McNall produced several Hollywood movies, including The Manhattan Project and Weekend at Bernie's.
McNall bought a 25 percent stake in the Kings from Jerry Buss in 1986, and bought an additional 24 percent in 1987 to become the team's largest shareholder. He was named team president that September, and purchased Buss's remaining shares in March 1988.
In 1992, McNall was elected chairman of the NHL Board of Governors, the league's second-highest post.
At one point, he also owned the finest copy of the most expensive baseball card, Honus Wagner's 1909 T206 card.
In December 1993, McNall defaulted on a $90 million loan, and Bank of America threatened to force the Kings into bankruptcy unless he sold the team. He sold controlling interest in the Kings in May 1994 and resigned as chairman of the board of governors, though he still remained as president and governor of the Kings for a time.
In early 1994, he granted an interview to Vanity Fair in which he admitted smuggling many of his prized coins out of foreign countries; his admissions led to the shutting down of his numismatics firm, Numismatic Fine Arts, that year by the FBI (including seizure of computers and printed documents from NFA's offices in the Century City office complex). His claim of graduating from the University of Oxford was also debunked.
Later that year, McNall sold the Argos to league television partner TSN in May 1994, a sale delayed by John Candy's death that March. The team had lost several million dollars over four years, and McNall concluded he could not justify those losses as an absentee owner 3,000 miles away.
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