BACKGROUND
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A look at the array of problems for Jeffrey Sudikoff since he and partner Joseph Cohen bought a 72% stake in the Kings for $60 million in May.
- Team president Bruce McNall is going to plead guilty to federal charges that he defrauded banks for more than $236 million.
- In June, the stock in Sudikoff’s company, IDB, plummeted 51% after its longtime auditors abruptly resigned in a dispute over a first-quarter earnings report. Then Cohen noted that the Kings’ fortunes “don’t rise and fall with IDB stock.”
- Finally, Sudikoff has yet to see a regular-season game since he purchased the team because of the NHL owners’ lockout, now in its 55th day.
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