Ducks owner suspended for one year

From Dan Wood of the Orange County Register:

Ducks co-owner Henry Samueli has been suspended indefinitely from any involvement with the team and the NHL, commissioner Gary Bettman announced Tuesday.

Samueli, co-founder of Irvine-based Broadcom Corp., pleaded guilty Monday to one count of lying to the U.S. Securities and Exchange Commission about his role in the backdating of employee stock option grants.

Read the entire article here.

The amount of negative press the NHL has received recently is frightening. Samueli has done a great job turning the Ducks around along with Brian Burke, as the league stated; however, the NHL could not overlook Samueli’s plea agreement (especially with all the recent troubles of William Del Biaggio) and had to take a serious course of action.