NHL Hall of Famer Luc Robitaille Faces Financial Trouble
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.