Since Pritchard took over Cup-keeping duties in 1991, the Cup has been able to have some summer fun in a pool on at least three occasions. Until his prison term begins, he will be under house arrest and must wear an ankle bracelet. There are over 2,300 names on the cup, and it is constantly changing. Pocklington has been diagnosed with age-related macular degeneration, or AMD. Since the Devils won the cup again in 2003, the Hall of Fame has been keeping a journal of Stanleys travels. If you haven't read the riveting book, I'd Trade Him Again, now is the time to pick up your copy to find out more about this Peter Pocklington's rising-from-the-ashes story. Two babies have been baptized in the Cup. Skalbania bought the Indianapolis Racers in 1978, and signed 17 year old Sault Ste. Loan repayments were missed and within three years, the Alberta government took over Gainers. Outside of the hockey world, Pocklington has often been in the headlines. In 2015, itreleased a statementsaying it had acquired the assetsof a second company developing a macular degenerationtreatment device. The title of the book was inspired by Pocklingtons continued belief that the Gretzky trade was the right business at the right time and had a positive impact on all parties involved: the Oilers, Kings, Gretzky, and the game itself. In vacating Judge Phillips' original order, "The district court lacked jurisdiction to extend Pocklingtons probation beyond its October 26, 2012, expiration date," the appeal court panel said in a written judgment. Four years ago, Cadieux and his four children constructed 100 intricate scenes tracking the life and times of Harold Ballard, the former owner of the Toronto Maple Leafs. He still owes the Alberta government $13 million. CBC's Journalistic Standards and Practices. Peter Hugh Pocklington (born November 18, 1941) is a Canadian entrepreneur and vocal advocate of free-market capitalism. Pocklington is best remembered as the owner of the NHL hockey team Edmonton Oilers from 1975 to 1998. But by 1998, the tycoon's debts had climbed. Cutting his teeth in the steakhouse business, he made his fortune in auto sales before buying a stake in Edmonton's fledgling NHL team. However, Pocklington had signed the phenom to a personal services contract. , money, salary, income, and assets. One of his first business ventures was to locate old cars on the farms around Carberry, Manitoba (his maternal grandparents house) and buy them for $25, then ship them to Ontario by train, where he sold them for over $550. Several years later, the 1924 Canadiens forgot it on the side of the road. When the Cup was recovered it was handed over to Harry Smith, the most responsible man on the 1905 Ottawa team. Mini Bio (1) Having made a fortune in auto dealerships and real estate, high school dropout Peter Pocklington (Peter Hugh Pocklington) was one of the richest men in Canada when he and Nelson K. Skalbania cut a deal in October 1976 at a steak house before a group of reporters. He added that any errors were "born of inexperience and naivete, not malice or avarice", and were quickly rectified. Oilers fans were upset to say the least with Pocklington's decision. But it was his ownership of the . But what about little-known facts. The second was Tomas Holmstrms niece. Jonathan said he has known Eldred as an attorney for years and was not aware that he was involved with a medical device startup. Only the 1976 to 1979 Canadiens and 1980 to 1984 New York Islanders have four consecutive wins.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'thehockeywriters_com-leader-2','ezslot_17',833,'0','0'])};__ez_fad_position('div-gpt-ad-thehockeywriters_com-leader-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'thehockeywriters_com-leader-2','ezslot_18',833,'0','1'])};__ez_fad_position('div-gpt-ad-thehockeywriters_com-leader-2-0_1');.leader-2-multi-833{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. These were eventually returned. The current Stanley Cup, which is a replica of the original bowl with with newer bands below,weighs in at 34.5 lbs. [2] Crippled with a debt-servicing cost it did not anticipate and handicapped by inflated production costs created by the marketing board, Gainers immediately began to drown in debt. When search suggestions are available use up and down arrows to review and enter to select. Some even hope to be able to lift the coveted silver cup above their heads. For years, the creditors have alleged he has stashed millions of dollars in the accounts. At first glance, The Eye Machine'spublic facewas Indian Wells attorney Lantson E. Eldred, the SEC claims. However, Pocklington had signed the phenom to a personal services contract. [2], In May 2012, Pocklington announced his family was auctioning memorabilia from his time as owner of the Oilers, including his rings from their Stanley Cup championships. 600 people paid . In return, says Pocklington in his biography, then-Premier of Alberta Don Getty agreed to give Gainers an interest-free loan of $50million. The next month, Pocklington declared personal bankruptcy, with assets totaling $2,900 anddebts inexcess of $19 million. [11] The court had earlier heard evidence that Pocklington had, over a 19-month period, failed to disclose consulting fees paid to a company controlled by his wife. Only 52 names get to be on the cup, and those names have to actually be members of the team although someexceptions have been made. Heacknowledged his ongoing involvement in the McCallum Theatre Foundation and Palm Springs Art Museum as well as his endorsement of Palm Desert Mayor Sabby Jonathan. It was quickly recovered, but took another swim two years later. He was held ransom in his home, ran unsuccessfully for the leadership of the federal conservative party and has had numerous brushes with the law. They started giving it to each player and front office member for a day. In a new biography about the one-time Edmonton Oilers owner, "I'd Trade Him Again," Pocklington recalls a deal he almost made where the Leafs and Oilers would have swapped cities. Lord Stanley decided to donate the Cup to Canadas top amateur hockey team. 2023 www.desertsun.com. Marshals of the Pocklington home in Indian Wells, California, where a number of items belonging to his wife, including gowns, shoes and purses, as well as Andy Warhol prints of Mick Jagger, were seized. SeaStock24.com Review: Gaining the Best of Forex Market. "We have worked diligently and honestly with all of our investors and have been conscientious in guiding the company through the necessary regulatory frameworks. His name is listed on Jonathan's campaign website. The former Edmonton Oilers owner says he still has the record today. The SEC also alleges that money investors intended for The Eye Machine instead went to undisclosed and unauthorized expenses, as follows: The transactions include at least onepaymentsigned by the companys CFO, Palm Springs CPA Terrence Walton, who was a signatory on The Eye Machine's bank accounts. [15], On July 3, 2015, the Toronto Sun reported that the Ninth U.S. He earned the enmity of many Canadians when he traded hockey's greatest player, Wayne Gretzky, to the Los Angeles Kings. Palm Springs, Ca: Currently Peter Pocklington is a Retired Investor, Entrepreneur and Business Visionary. A California judge sentenced former Edmonton Oilers owner Peter Pocklington to six months in prison followed by a further six months house arrest for breaching his probation on a previous perjury conviction related to a bankruptcy fraud case. Oilers fans were upset to say the least with Pocklington's decision. It could not; itsank to the bottom of Marios pool. Comments on this story are moderated according to our Submission Guidelines. When Lord Stanley donated the Cup he made sure to mandate that two trustees would always ensure that the Cup remained safe. While Pocklington remains a controversial figure in Canada because of the Gretzky trade, he has his fans, too. The names have been spelledcorrectly on the replica. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. A PR representative of Nova Oculus, Roger Gillott, replied to requests for comment witha written statement from Pocklington that has also been posted online. Eldred, also in anemailed response sent to The Desert Sunthrough Gillott,denied SEC claims about the misuse of investor funds. [8], Pocklington operated the team on a line of credit, paying 19% interest to the Alberta Treasury Branches (ATB). One member of the House of Commons of Canada demanded the government block the trade, another man burned Pocklington in effigy, and Gretzky's bride, actress Janet Jones, was branded hockey's "Yoko Ono". The rings offered in 2008 and again in 2012 have been certified as authentic, he said.[9]. The assistant U.S district attorney who prosecuted the case had asked for nine months in prison, while Pocklington sought to avoid jail altogether so he could continue to care for his wife of 40 years, who has serious heart problems. [10] "The Probation Office was crystal clear about the absence of anything resembling probable cause," wrote Judge Margaret McKeown. "I thought I was bullet-proofuntil I was shot," Pocklington told his biographers. He has lived a life of Success and Failure in his pursuit of the perfect deal. His net worth has been growing significantly in 2021-2022. Mar 11, 2009. Instead, some 39 percent of the proceeds about $5.5 million went to pay sales commissions alone, according to the lawsuit. The Wanderers, as it so happens, are one of only two teams to have their names engraved on the original bowl of the Cup. Together,Eldred and Pocklingtonalso misled Eye Machine investors about how their money would be spent, according to the SEC lawsuit, pocketing $680,000 for themselves, awarding hefty sales commissions to agents that solicited investors and breaking securities registration rules along the way. He ran for political office. Marie Greyhounds center Wayne Gretzky to a personal services contract. Discover Peter Pocklington's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. The Edmonton Oilers for trading Wayne Gretzky (2005), The Puck Talks Here, The amazing life and turbulent times of Peter Pocklington, I'd Trade Him Again: Wayne Gretzky & Peter Pocklington, The Official YouTube Channel for Peter Pocklington, "Lego project depicting story of Peter Pocklington gets seal of approval from former Oilers owner", "Peter H. Pocklington, Former Director at The Betty Ford Center", "Hall of Fame covers Brad Aldrich's name on Stanley Cup", "Gretzky trade was 'no fun,' Pocklington recalls", "Edmonton Oilers history: Investors group completes purchase of NHL franchise from Peter Pocklington, May 5, 1998", "Pocklington Wins Appeal to U.S. Ninth Circuit Court", "United States, Plaintiff-Appellee, v. Peter Hugh Pocklington, Defendant-Appellant", "Peter Pocklington, ex-Edmonton Oilers owner, gets jail time", "Former Edmonton Oilers Owner Peter Pocklington Sentenced To Jail In California", "Peter Pocklington accepts "full responsibility" for his actions", "Former Oilers owner Peter Pocklington avoids prison", "Peter Pocklington wins appeal of probation violation ruling", "Peter Pocklington wins appeal of probation violation ruling in U.S. court", "Peter Pocklington and associate ordered to pay $5-million to settle securities fraud case in Arizona", "Ex-Oilers owner Peter Pocklington settles securities fraud case", "Former Edmonton Oilers owner Peter Pocklington ends legal battle with consent order", "Peter Puck: 'I really don't give a damn what some of the unwashed have to say', "Edmonton Oilers reunion: Standing ovation for Pocklington", "Former Oilers owner Peter Pocklington says thanks to fans and the Oilers organization for the 'spectacular' reunion show", "Ex-Edmonton Oilers owner seeking stem cell research to improve eye-sight", https://en.wikipedia.org/w/index.php?title=Peter_Pocklington&oldid=1141767827, This page was last edited on 26 February 2023, at 18:10. You have entered an incorrect email address! Amy DiPierro covers real estate and business news at The Desert Sun in Palm Springs. He convincingly used that contract to force the league to accept the Oilers, and to prevent Gretzky from being put into the NHL entry draft pool.Supported by future Hall of Famers Jari Kurri, Mark Messier, Glenn Anderson, Paul Coffey, and Grant Fuhr, Gretzky spearheaded the Oilers to 4 Stanley Cups in 5 years. In an attempt to defendhis character in the criminal case, Pocklington submitteda letter from John T. Schwarzlose, then the CEO of Betty Ford Center, in court documents. In 2010, Pocklingtonpleaded guilty to making false statements under penalty of perjury in bankruptcy court, a felony. The team's success, however, could not offset its owner's financial woes. Or how many women have their names on the Cup? "Im surprised.. According to the Edmonton Journal, this was the second time the rings were put up for auction. "The SECs announcement was a laundry list of misguided accusations based on unrelated items of dubious interest," Pocklington wrote. Pocklington is the ex-owner of the Oilers hockey team and a convicted felon. Storm updates: Hail in Palm Springs; wettest day since March 2020, Your California Privacy Rights / Privacy Policy. And for years before then,he hadbeen dogged by soured business deals. He suffered a wound from a police. The Sun published the letter of thanks intact on October 14, 2014.[24]. (NHL). [January 2012]. Four years into the deal, a group of GolfGear shareholders sued Pocklington, accusing himof using the business to enrich himself. There is debate as to whether Gretzky "jumped" or was "pushed". The man who came to be known as "Peter Puck" bought part ownership of the Edmonton Oilers in 1976. Since 1926, its beenawarded to the top professional team in the National Hockey League. Pocklington had become a member of the exclusive Vintage Club in Indian Wells in 1990, according to court documents, and later moved therefull-time. But Pocklington was in the shower. Peter Pocklington, the former owner of the Edmonton Oilers, arrives at U.S. District Court for sentencing on perjury charges in October of 2010 Reed Saxon/The Associated Press Comments Former. Pocklington was also taken hostage by a gunman who broke into his home. The third Cup, known as theReplica Cup is an exact duplicate of the Presentation Cup. The first was Sylvain Lefebvres daughter,who was baptisedafter the Colorado Avalanche won in 1996. When he asked who should be subject of his "second season," Pocklington was the decisive winner. In 1983, Pocklington entered the Progressive Conservative Party of Canada leadership convention. Instead, the government gave Gainers $55million at 10.5% interest, refusing to disband the marketing board. And which team forgot they even won the Cup? But U.S. District Court Judge Virginia Phillips said the Pocklington children could care for their mother. He has been currently residing in Palm Springs enjoying his retirement from a life of success and failure all in the pursuit of the perfect deal. Pocklingtons life experiences were extensively documented in the 2009 biography, Id Trade Him Again: On Gretzky, Politics and the Pursuit of the Perfect Deal, written by Terry McConnell and Jlyn Nye. In 2020, he was arrested at his Palm Desert home based on allegations he concealed assets during bankruptcy proceedings (Peter claimed to have debts of nearly $20 million and assets of only $2,900). This time endingup at the bottom of Patrick Roys pool. Meanwhile, Pocklington'sbankruptcy case wore on. Peter Pocklington was known among North American hockey fans as Peter Puck, the non-conformist entrepreneur from oil-rich Alberta who was also the owner of the Edmonton Oilers of the National Hockey League. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. He sold the team in 1998 and moved to California four years later. One of Pocklingtons most controversial decisions was to sell the brightest star of the sport to the Gretzky Los Angeles Kings in August 1988. Unlike other sports, the players themselves get to take the Cup to their hometown and enjoy a day with it. Pocklington is the ex-owner of the Oilers hockey team and a convicted felon. They were ordered to pay $5.1 million in restitution. The former Edmonton Oilers owner wont be able to declare bankruptcy while his case is in court. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. On the replica cup, Basil Pocklingtons name does not appear at all. While a lower court had retroactively revoked Peter Pocklington's probation on a perjury conviction and sentenced him to six months in prison, the Ninth U.S. Pocklington made most of his wealth from owning the largest auto dealerships in Canada however that didn't stop him from building his business empire acquiring sports teams, a meat packing company and other business. Luckily for them, the Cup was sitting on a snow drift right where they left it. Having made a fortune in auto dealerships and real estate, high school dropout Peter Pocklington (Peter Hugh Pocklington) was one of the richest men in Canada when he and Nelson K. Skalbania cut a deal in October 1976 at a steak house before a group of reporters. Speaking in his own defence, Pocklington told the court he was a good man, with a good heart who had given large amounts of money to charity. In the fall of 1978, Skalbania offered Pocklington the rights to a 17-year-old phenom Wayne Gretzky. He became full-owner in 1977 when Skalbania decided that the Oilers would not be joining the NHL anytime soon. Peter Hugh Pocklington (born November 18, 1941) is a Canadian entrepreneur and vocal advocate of free-market capitalism. Eventually, he agreed to settle the strike and rehire the striking workers at the request of the Alberta government. Peter Pocklington, the man who launched the Edmonton Oilers dynasty, then loathed for decades for trading Wayne Gretzky, welled up with tears Friday when he came home to a standing ovation.. Having made a fortune in auto dealerships and real estate, high school dropout Peter Pocklington (Peter Hugh Pocklington) was one of the richest men in Canada when he and Nelson K. Skalbania cut a deal in October 1976 at a steak house before a group of reporters. He later blasted Pocklington in his 1990 autobiography as being "a cheapskate." He brought Wayne Gretzky to the team in the 1979. The team's success, however, could not offset its owner's financial woes. We talked a little bit about life in Palm Springs and then he had to go. Some try to get around the rules. NHL By Sean Keeley on July 19, 2018 When the Edmonton Oilers traded Wayne Gretzky to the Los Angeles Kings in 1988, many people thought owner Peter Pocklington must have been high. The Cup has come a long way since then. One of his earliest business ventures was to find old cars on the farms around his maternal grandparents' home in Carberry, Manitoba, buy them for $25, then ship them to Ontario by train, where he sold them for upwards of $500. Since then, Pocklington has had new business ventures. However, before the ransom could be paid, police snuck into the house and shot both Petrovi and Pocklington, wounding both men. Written by former contributor Casey Bridge and originally published June 16, 2015. In his era, the club won the Stanley Cup five times, and the team played superstars like Wayne Gretzky, Jari Kurr and Mark Messier. Canmore - A 27-year-old man faces charges after a shootout between an officer and a suspect west of Calgary. In the '80s, Pocklington ran a $1-billion empire consisting of Fidelity Trust Co., meat-packer Gainers Inc., car dealerships, real estate and oil and gas interests. We reserve the right to close comments at any time. The Eye Machine lists its mailing address at Lantson's office in Indian Wells, according to business filings in Florida. The first was when the Penguins won the cup in 1991. Supported by future Hall of Famers Jari Kurri, Mark Messier, Glenn Anderson, Paul Coffey, and Grant Fuhr, Gretzky spearheaded the Oilers to 4 Stanley Cups in 5 years. Memos to would-be investors also mislead investors about where their money was headed, the SEC alleges. Peter Pocklington, ex-Edmonton Oilers owner, gets jail time | CBC News Loaded. "There's just something about the little Lego man that people love, and especially when you're doing something about an eccentric owner doing these crazy things. Every hockey fan knows what the Stanley Cup is and hopes that their team will bring it home. "I just about fell out of my chair," Cadieux recalled. What a lot of people dont think about is the history behind the Cup. He created enemies among thousands of Oilers fans when he traded superstar Wayne Gretzky to Los Angeles in 1988. Peter Puck as he was called in his heyday is a larger-than-life story as he made deals you just cant do that anymore, so it makes for great theater in his Lego-based biopic. In Canada, Pocklington grew a business empire that included car dealerships, a meat-packing plantand a Triple-A baseball team. Peter Pocklington pleads guilty to perjury in bid to avoid jail time The Canadian Press May 24, 2010 The Hockey News LOS ANGELES, Calif. - Federal prosecutors in the U.S. say former Edmonton. Bob Gaineys name was immortalized as Gainy. Circuit Court of Appeals reversed that ruling on appeal. [3] At the time, he was the youngest Ford dealer in Canada. Pocklington made most of his wealth from owning the largest auto dealerships in Canada however that didn't stop him from building his business empire acquiring sports teams, a meat packing company and other business. Bush. The Eye Machine told investors that it expected 28 percent of proceeds from capital raises would be used to pay commissions and other expenses. Joel Cadieux, a Red Deer salesman and father of . His journeys with the cup can be found on his Twitter.A #happybirthday to the late great #mrhockey Gordie Howe. The Ageless Foundation and its founder, Naomi Balcombe,won a court order in July 2008 toraid Pocklington'sIndian Wells home and strip him of56 pieces of artwork located there. Acquired the assetsof a second company developing a macular degenerationtreatment device [ ]. 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