NHL Hall of Famer Luc Robitaille Faces Financial Trouble in Santa Monica

 NHL Hall of Famer Luc Robitaille Faces Financial Trouble

NHL Hall of Famer Luc Robitaille Faces Financial Trouble

Luc Robitaille Faces Financial Difficulty

By Trey Treutel May 19, 2011

Although Canadian-born Hall of Famer Luc Robitaille had a terrific NHL career, he has not had the same success in his business endeavors.

Robitaille took out a $950,000 loan on his Santa Monica home and stopped making payments in December, 2010 and the home has been foreclosed by the bank. On top of that, Robitaille’s business relationship with financier William “Boots” Del Biaggio III (currently in jail) has put him in a precarious position where he is now responsible for a $2 million dollar line of credit. The two originally partnered in a bid to buy the Omaha Lancers of the U.S. Hockey League and a petroleum company. The pair also planned to invest in real estate.

Robitaille is not expected to lose his home or his job as an executive with the Los Angeles Kings. He recently told reporters, “I have nothing to hide,” before declining further comment.

In unrelated news, Robitaille is selling some of his hockey memorabilia at an upcoming auction to benefit Echoes of Hope, a charity he founded with his wife to help disadvantaged youth around the United States.

Robitaille spent 19 years in the NHL playing for the Kings (on three occasions), Penguins, Rangers and Red Wings. He finished his career in 2006 with many accolades including eight All-Star appearances and the NHL record for goals (668) and points (1,394) by a left winger. Robitaille was inducted into the Hall of Fame in 2009.

If You Enjoyed This Article Please Help Spread The Word:

Trey Treutel

E-Mail Author | http://www.cardboardconnection.com
Trey Treutel is an Ole Miss grad and a life-long fan of sports. He religiously follows the NBA and NFL as well as college basketball and football. As a kid, he collected football cards in the early to mid-90’s and basketball cards from the mid to late-90’s. Although Hurricane Katrina wiped out his entire collection, he recently picked up collecting basketball cards again on a whim and has not looked back.

Posted on Santa Monica Real Estate – Santa Monica Homes For Sale

Leave a Comment