Henry Samueli, owner of your Anaheim Ducks

Talk about timing: according to the National Post, Henry Samueli bought the Anaheim Ducks for $70 million, when Disney unloaded the team in the NHL lockout fire sale. The franchise is now worth $157 million, according to Forbes. The National Post profiled Samueli, the former UC Irvine UCLA prof and now chair of Broadcom, as the Ducks prepared for Game 2 of the Stanley Cup Finals. Here's the lede, written by Bert Hill:

"He bought the NHL team for a song because nobody else wanted it. He picked hockey-savvy people to run the team and stayed out of their way. He is fabulously wealthy, building a company from scratch and taking it public in a brilliantly timed move that made him a billionaire. He lives in vast estate overlooking the ocean. He spreads his fortune generously on well-publicized causes.

But he is also famously combative, building a company where lawyers are almost as important as the experts who make the products. He is frequently in court, fighting competitors and regulators with vigour. He has also gotten his name into print for investigations probing past practices of his company."


May 30, 2007 3:26 PM • Native Intelligence • Email the editor
 

© 2003-2008   •  About LA Observed  •  Contact the editor
LA Biz Observed
7:44 AM Tue | Toyota details its brake recall, upbeat forecast at the ports, L.A. Council looks to restructure, and that pillow is going to cost you.
Native Intelligence
Phil Wallace | He will remain the team's general manager.
Phil Wallace | USC and UCLA may have great recruiting classes, but take that news with a grain of salt.
TJ Sullivan | How does a journalist become a novelist?
Judy Graeme | Mini-malls might seem an unlikely subject for photographer and UCLA professor Catherine Opie, who first gained notoriety in the art world with large-scale portraits of the sadomasochistic leather culture in San Francisco.
Bill Boyarsky
Mayor Antonio Villaraigosa’s affordable housing plan--a centerpiece of his administration—has been dealt near fatal blows by a court decision, the recession—and by his own planning director.
Jenny Burman
People in Echo Park and surrounding don't seem to have to buy dogs and cats. They just show up, or you steal one.
Here in Malibu
The rains re-shape the beach

Blogads Los Angeles network