The Con Man Who Bought An NHL Team With No Money

Contact: [email protected] In 1997, a 32-year-old businessman from Ohio walked into the National Hockey League, claimed to be worth $230 million, and walked out owning one of the most storied franchises in the sport. He was worth almost nothing. Nobody checked. This is the full story of John Spano and the New York Islanders — how a man with no money passed an NHL ownership vote, what happened when the first payment came due, and why the league that approved him called him a savior on his way in. It is the most complete institutional failure in the history of professional sports ownership, and almost none of it required a sophisticated crime. It required nobody asking a single question. 0:00 Intro 1:43 The Savior 3:00 The Paper Billionaire 4:44 The Bootstrap Con 6:15 How Did Nobody Check 7:34 The $1700 Wire 9:46 The Pattern #NHL #Hockey #JohnSpano #SportsBusiness #TrueCrime Thanks for checking out this video! If you enjoyed yourself, I'd love it if you left the video a like! And if you want to see more videos like this one, be sure to subscribe to the channel so you get a notification for every upload!