NHL ownership and the meaning of "due diligence"

From Michael Arace of the Columbus Dispatch:

By all appearances, the local franchise is a healthy operation being run by intelligent people. There is a strong sense that a change in fortune will be orchestrated, on the ice and at the box office. At least, it is possible.

In sharp contrast is the league office in New York. At a time when the strong Canadian dollar has helped boost league-wide profits to an unprecedented level, commissioner Gary Bettman has been juggling scandals to the point where his leadership must be called into question.

Bettman is a corporate lawyer of some repute. Yet he has, unfathomably, forgotten the meaning of “due diligence.”

Read the entire article here.

The NHL needs to ramp up its due diligence on incoming owners to ensure that scandals, like the ones that have happened recently, don’t happen again.