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Henry Samueli And His “Nonprofit” Ducks

from Helene Elliott of the LA Times,

Despite the lack of an NBA team and the revenues it would generate, Samueli said he stands behind the Ducks long term. He and his wife paid $75 million for the franchise; it was valued at $192 million by Forbes last November.

"We look at it from a different perspective, Susan and I," he said. "We're not depending on this business to support our family. I have a very successful business in Broadcom, and to us, this is our way of giving back to the community.

"Susan and I are very active in philanthropy, so we already give to lots of nonprofits. So the Ducks are just yet another nonprofit that we give to, I guess."

Samueli said it's too early to determine the financial impact of the NHL's new collective bargaining agreement because last season was shortened to 48 games by the league-imposed lockout. The Ducks became eligible for revenue sharing for the first time, but for only half of a full share.

"It's still more than what we got before. So anything helps," he said. "Clearly it's always a struggle in the Sun Belt markets to make a go of the business, but the new CBA definitely will help."

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Filed in: NHL Teams, Anaheim Ducks, | KK Hockey | Permalink
  Tags: henry+samueli

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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