Kukla's Korner

Sergei Fedorov ‘scores’ in appeals court ruling against financial advisor

Blog: The Malik Report By George Malik

The Free Press's Tresa Baldas reports huge news for Sergei Fedorov, who witnessed a crooked financial advisor wipe out the vast majority of his hockey earnings:

With the help of a federal appeals court, former Red Wings star Sergei Fedorov just checked his ex-financial manager — a Grosse Pointe Shores man who allegedly swindled the hockey star out of $43 million.

The U.S. Sixth Circuit Court of Appeals today ruled against that manager — Joseph Zada — concluding he has to pay $112 million for selling fake investments in Saudi Arabian oil to dozens of unsuspecting victims — including Federov, a horse trainer, a plastic surgeon and several firefighters.

The ruling comes six years after the Free Press first disclosed Fedorov's claims that Zada had embezzled millions from him during an 11-year period.

Zada was counting on the 6th Circuit to overturn a lower court decision, which ordered him to pay $56 million in damages and an additional $56 million civil penalty for running a Ponzi scheme that caught the attention of the U.S. Securities Exchange Commission.

Continued...

Filed in: | The Malik Report | Permalink
 

Babcock did thank the Wings while being introduced as the Leafs’ coach

Blog: The Malik Report By George Malik

Mike Babcock did thank the Red Wings and praise his relationship with Ken Holland and Mike Ilitch during his opening presser as the coach of the Maple Leafs:

Babcock also stated that he also needed to bring out a box of Kleenex when he finally told Ken Holland that he was leaving.

Update: As was noted by CBS Detroit's Ashley Dunkak:

Babcock declined to re-sign with the Red Wings, opting instead to accept a reported eight-year, $50 million offer from the Maple Leafs. Detroit’s final offer was reported to be $20 million over five years.

“This was a hard decision,” Babcock said.

The coach met with Holland one more time Wednesday, and Babcock described the encounter as difficult.

“It was very emotional,” Babcock said. “I had to get the Kleenex box out when I sat in his office.”

Update #2: Here's a bit more from MLive's Ansar Khan:

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WOOD TV8’s Figurski gets Blashill to state the obvious: He wants to coach the Wings

Blog: The Malik Report By George Malik

Updated 3x with 2 videos at 1:16 PM: This is probably worth its own entry, yes?

Update: WOOD TV8 posted a video of Blashill's comments:

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Wallner: Jeff Blashill’s busy focusing on his current job

Blog: The Malik Report By George Malik

Update: No foolin':

It's all but as sure as an empty-net goal that Jeff Blashill will be replacing Mike Babcock as the next coach of the Detroit Red Wings, but Blashill is going to be very busy trying to beat the Utica Comets in the AHL's Eastern Conference Final starting on Sunday, and as such, Blashill discussed his dual focus--or really, his singular focus--with the Grand Rapids Press's Peter J. Wallner this morning:

"To be honest, my focus this morning is everything it is going to take to get ready for Sunday," he said Thursday, a day after Mike Babcock's decision to leave the Red Wings for Toronto. "Ken knows me and I know Ken and when we sit down, it will be good to talk. But, right now, my focus is on trying to get this team ready for Utica."

How does Blashill separate one duty from the other?

"I guess in some ways I can do that because I live in such a day-to-day world," he said. "The day I sit down and talk to Ken is the day I will be thinking about the Detroit job. Today, I'm thinking about practice and travel and what it's going to take to win Game One against Utica. That's just the reality of the way I look at it."

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Welcome to the ‘Team Underdog’ era

Blog: The Malik Report By George Malik

Yahoo Sports' Greg Wyshynski handed out "Winner" and "Loser" tags in the Mike Babcock sweepstakes (via RedWingsFeed), and I think he's spot-on regarding the Red Wings' status as embracing a Team Underdog status:

WINNER: DETROIT RED WINGS: The Wings reaffirm two important tenets of their franchise in seeing Babcock leave for bluer pastures.

First, that no man is above the Winged Wheel. Not Mike Babcock, not Scotty Bowman, not anyone. If Babs gets eight years and $50 million, he’s a demigod on a franchise that works best as a balanced machine.

The Wings were great before he arrived. They’ll be great after he’s gone.

Second, that the Wings look best when they’re the spurned, disrespected, chip-on-the-shoulder team, despite being an Original Six glamor franchise. Babcock leaving for the Leafs firmly establishes Detroit as the rejected underdog. They wear it well.

...

WINNER: JEFF BLASHILL: The 41-year-old AHL coach is expected to take over a playoff-worthy roster from Mike Babcock as the next Red Wings coach. His bargaining position couldn’t be stronger, having been framed as the ace in the hole in case Babs left. Which he did.

Wyshynski continues...

Filed in: | The Malik Report | Permalink
 

NHL Short Notes

Blog: KK Hockey By Paul

WEDNESDAY’S RESULT
Home Team in Caps
TAMPA BAY 6, NY Rangers 5 (OT) – TBL leads series 2-1
 
KUCHEROV’S OT HEROICS POWER LIGHTNING TO 2-1 SERIES LEAD
The Rangers tied the game with 1:56 remaining in regulation, but Nikita Kucherov (1-1—2) scored at 3:33 of overtime to end a seesaw affair and power the Lightning to a 2-1 series lead in the Eastern Conference Final.
 

 
* The Lightning improved to 11-7 in 18 all-time playoff overtime games, including a 3-0 record this year. They also earned their third such win at home (in seven total games) and first since April 16, 2004 vs. NYI (Game 5 of CQF).

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Filed in: NHL Teams, | KK Hockey | Permalink
 

Chris Osgood discusses Babcock’s departure on WDFN’s Matt Sheppard show

Blog: The Malik Report By George Malik

Updated 2x at 11:47 AM: WDFN's Matt Sheppard show was all about Mike Babcock this morning, and while you may most certainly listen to The Fan 590's Greg Brady or TSN's Jonas Siegel isue the Leafs' perspective on your own, Chris Osgood's take is worth your time:

 
 
Update: Scotty Bowman discussed the move on the Fan 590, too:

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Live Stream- Mike Babcock Press Conference

Blog: KK Hockey By Paul

It is scheduled to begin at 11:00am ET but there may be some talk before the conference begins.

Watch below and you have three options...

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Filed in: NHL Teams, Toronto Maple Leafs, | KK Hockey | Permalink
  Tags: mike+babcock

Babcock Courtship Was Just Bad Timing

Blog: The Sabres Observer By @DaveDavisHockey

One of my guilty television addictions is "Shark Tank" ("Dragons' Den" in Canada), a show where successful and insanely wealthy investors hear pitches from ambitious entrepreneurs seeking funding to take their companies to another level.

In many cases, the business owners are told they have a bright future ahead but aren't big enough -- not enough sales -- to get an investment just yet.

That's metaphorically what happened when Mike Babcock spurned the Sabres yesterday.

Many in Buffalo, from fans and media to apparently even some in the Sabres organization, are flabbergasted at The Coveted One choosing a Toronto franchise in turmoil. The methods and negotiating tactics of the former Detroit coach have certainly come under fire as well.

Babcock departing the Red Wings has instantly reignited a Sabres - Leafs rivalry that hasn't been the same since the Rob Ray vs. Tie Domi days. Yesterday, fans and writers from both cities were sparring on social media over which team will sooner be a contender.

And while this writer predicts Buffalo in a landslide, this is a time for Sabres fans to humbly and patiently accept a sobering reality.

Toronto is Toronto, and Buffalo is Buffalo. You know where this is going.

Continue Reading »

Filed in: | The Sabres Observer | Permalink
  Tags: babcock+toronto+buffalo

The Defensemen For The Chicago Blackhawks Are Putting Up Big Minutes

Blog: KK Hockey By Paul

from Eric Stephens and Rich Hammond of the OC Register,

After their 4-hour, 52-minute Game 2 victory Tuesday night, the Chicago Blackhawks stayed overnight in Southern California then flew home Wednesday morning. Not surprisingly, they skipped practice.

The question for the Blackhawks involves how well they will rebound from a physical standpoint in Game 3, particularly on defense. Duncan Keith played 49 minutes, 51 seconds, in Game 2. Brent Seabrook played 47:46, Niklas Hjalmarsson played 47:45 and Johnny Oduya played 46:06.

The Ducks’ Francois Beauchemin played 46:29, but no other Ducks defenseman topped 40 minutes.

“You just focus on the next game,” Hjalmarsson said. “Yeah, it was a lot of minutes, but we won the game and we’ll move on from there. Personally, I feel fine. I have no complaints.”

The Blackhawks have been here before. In the first round against Nashville, they won Game 1 in double overtime and Game 4 in triple overtime. The Blackhawks followed both long victories with losses, though.

“I think there’s a lot more left in the tank,” captain Jonathan Toews said, “and we’re excited to get back to home ice, to try to get (the Ducks) on their heels a little bit more and just find that excitement and jump and energy.”

continued

Filed in: NHL Teams, Chicago Blackhawks, | KK Hockey | Permalink
 

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