Lucky Luc mixed up with Boots
A Southern California bank is trying to determine if tarnished Silicon Valley financier William "Boots" Del Biaggio III was obtaining loans under false pretenses as far back as 2004, according to new court filings.The story also gets into the connection between Boots, Robitaille and AEG, the ownership group of the Los Angeles Kings headed by billionaire Philip Anschutz.
Separately, the bank said that Del Biaggio and retired hockey great Luc Robitaille are in default on a $2 million loan they took out together in 2006. Robitaille is not accused of wrongdoing.
Boots owes AEG $7-million related to the Predators purchase, which the Kings group financed apparently as part of a bid to put an NHL franchise in Kansas City. AEG is now suing Del Biaggio.
Where's the relationship begin?
Del Biaggio, a longtime hockey fan and investor, told the Kansas City Star in 2006 that he met Robitaille when Del Biaggio owned a minority stake in the San Jose Sharks. The newspaper said Robitaille introduced Del Biaggio to executives with AEG, a sports and entertainment conglomerate that owns the Los Angeles Kings.Robitaille has a sterling reputation in NHL circles, but he certainly picked poorly in choosing a business associate. I don't see any of this coming back on him, other than perhaps impacting his wallet, but his relationship does shed light on how Boots became involved in the AEG/Kansas City/Nashville fiasco.