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Robitaille’s Financial Issue Will Not Impact His Job

from Helene Elliott of the LA Times,

The aftermath of a soured business partnership between Hockey Hall of Famer Luc Robitaille and jailed financier William “Boots” Del Biaggio III that left Robitaille responsible for a $2-million line of credit has led a bank to foreclose on the Santa Monica home owned by Robitaille, a longtime favorite of Kings fans and president of the club’s business operations.

Robitaille, however, isn’t expected to lose the home and won’t lose his job while he settles his financial obligations.

“I have nothing to hide,” Robitaille said Wednesday. He otherwise declined to comment on the foreclosure action, which was first reported Tuesday by TMZ.com. TMZ did not identify the bank.

Tim Leiweke, president of the Kings’ parent company, AEG, said via email that AEG is working with Luc Robitaille and the former player’s wife, Stacia.

“This issue,” said Leiweke, “is short term, very fixable and will not have an impact on Luc’s responsibilities with the L.A. Kings.”

continued

Filed in: NHL Teams, Los Angeles Kings, | KK Hockey | Permalink
  Tags: luc+robitaille

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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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