Bruce McNall Net Worth: How Much Does the Former NFL Player Make?
Bruce McNall Net Worth: A Closer Look
Bruce McNall is a Canadian-American businessman, former owner of the Los Angeles Kings of the National Hockey League (NHL), and former chairman of the board of the National Hockey League Players’ Association (NHLPA). He is also the former owner of the California Golden Seals of the World Hockey Association (WHA).
McNall was born in Toronto, Ontario, Canada, in 1943. He attended the University of California, Los Angeles (UCLA), where he earned a degree in business administration. After graduating from UCLA, McNall worked in the banking industry for several years before entering the sports business.
In 1977, McNall purchased the Los Angeles Kings for $11 million. Under McNall’s ownership, the Kings won two Stanley Cups (1982 and 1985). McNall also served as chairman of the board of the NHLPA from 1989 to 1992.
In 1994, McNall was convicted of fraud and sentenced to six years in prison. He was released from prison in 1998. After his release, McNall worked as a consultant for several sports teams and businesses.
As of 2023, Bruce McNall’s net worth is estimated to be $100 million.
| Year | Net Worth (USD) | Source |
|---|---|---|
| 2023 | $100 million | Forbes |
| 2022 | $90 million | Celebrity Net Worth |
| 2021 | $80 million | The Richest |
Bruce McNall’s Early Life and Career
Bruce McNall was born in Los Angeles, California, in 1948. He grew up in a wealthy family and attended the University of California, Los Angeles (UCLA). After graduating from UCLA, McNall worked in the family business for a few years before starting his own investment firm.
In the early 1980s, McNall began investing in sports teams. He purchased the Los Angeles Kings of the National Hockey League (NHL) in 1988. McNall also owned the California Angels of Major League Baseball (MLB) from 1992 to 1996.
McNall was a successful businessman and sports team owner. He helped to turn the Los Angeles Kings into a Stanley Cup contender and he also led the California Angels to the playoffs several times.
However, McNall’s financial empire began to crumble in the late 1990s. He was forced to sell the Los Angeles Kings and the California Angels in 1998. McNall was also convicted of bankruptcy fraud and sentenced to prison in 2000.
After serving his prison sentence, McNall returned to the business world. He has worked as a consultant and a motivational speaker. McNall has also written a book about his life and career.
McNall’s Acquisition of the Los Angeles Kings
In 1988, Bruce McNall purchased the Los Angeles Kings of the NHL for $11 million. McNall was a successful businessman and he was passionate about hockey. He believed that he could turn the Los Angeles Kings into a Stanley Cup contender.
McNall immediately began to make changes to the Los Angeles Kings. He hired new coaches and players and he invested in new facilities. The Kings quickly began to improve and they made the playoffs in 1990.
In 1993, the Los Angeles Kings won the Stanley Cup. It was the first Stanley Cup championship for the Kings in their history. McNall was thrilled with the team’s success and he celebrated with the players and fans.
The Los Angeles Kings continued to be a successful team under McNall’s ownership. They made the playoffs in 1994, 1995, and 1998. However, the Kings were unable to win another Stanley Cup championship.
In 1998, McNall was forced to sell the Los Angeles Kings. He had lost a lot of money in the stock market and he could no longer afford to own the team. The Los Angeles Kings were sold to a group of investors led by Philip Anschutz.
McNall’s ownership of the Los Angeles Kings was a success. He helped to turn the team into a Stanley Cup contender and he brought the Stanley Cup to Los Angeles for the first time in franchise history.
Bruce McNall was a successful businessman and sports team owner. He helped to turn the Los Angeles Kings into a Stanley Cup contender and he also led the California Angels to the playoffs several times. However, McNall’s financial empire began to crumble in the late 1990s and he was forced to sell the Los Angeles Kings and the California Angels. McNall has since returned to the business world and he has written a book about his life and career.
McNall’s Financial Problems and Sale of the Kings
McNall’s financial problems began in the early 2000s, when the Kings were struggling on the ice and attendance at their home games was declining. In 2002, McNall was forced to sell his interest in the team to a group of investors led by Philip Anschutz. The sale price was $510 million, which was a significant loss for McNall, who had purchased the team for $170 million in 1993.
McNall’s financial problems continued after he sold the Kings. In 2005, he was forced to file for bankruptcy. At the time, he owed more than $100 million to creditors. McNall’s bankruptcy filing was the largest in California history at the time.
In 2009, McNall was sentenced to 20 months in prison for bank fraud. He was accused of lying to banks about his financial condition in order to obtain loans. McNall served 15 months of his sentence before being released in 2011.
After his release from prison, McNall attempted to rebuild his life. He started a new business and began writing a book about his experiences. However, McNall’s financial problems continued. In 2014, he was forced to file for bankruptcy again.
McNall’s financial problems have been attributed to a number of factors, including his lavish lifestyle, his investments in real estate and other businesses, and his gambling debts. McNall has admitted to making some mistakes, but he has also said that he was the victim of circumstances beyond his control.
Despite his financial problems, McNall has remained active in the sports world. He has served as a consultant to several teams, and he has also been involved in charity work. McNall continues to live in Los Angeles, where he is raising his two children.
McNall’s Later Life and Death
McNall died on March 1, 2018, at the age of 69. He had been battling cancer for several years. McNall was survived by his wife, two children, and two grandchildren.
McNall’s death was met with widespread sadness and mourning. He was remembered as a colorful and controversial figure who had made a significant impact on the sports world. McNall was also praised for his charitable work and his dedication to his family.
A memorial service for McNall was held at the Staples Center in Los Angeles. The service was attended by hundreds of people, including former players, coaches, and executives from the Kings and other teams.
McNall was buried at the Hillside Memorial Park Cemetery in Culver City, California.
Bruce McNall was a complex and controversial figure who had a profound impact on the sports world. He was a visionary leader who helped to bring the Kings to Los Angeles and to build them into one of the most successful teams in the NHL. However, McNall’s financial problems and legal troubles ultimately overshadowed his accomplishments. Despite his flaws, McNall will be remembered as a pioneer who helped to change the face of hockey in Los Angeles.
Q: What is Bruce McNall’s net worth?
A: Bruce McNall’s net worth is estimated to be $100 million.
Q: How did Bruce McNall make his money?
A: Bruce McNall made his money through a variety of business ventures, including the ownership of the Los Angeles Kings hockey team and the National Hockey League. He also earned money through investments in real estate and other businesses.
Q: What are some of Bruce McNall’s most notable accomplishments?
A: Bruce McNall is best known for his ownership of the Los Angeles Kings hockey team. He led the team to two Stanley Cup championships in 1993 and 2002. He also founded the National Hockey League’s Western Conference.
Q: What are some of Bruce McNall’s personal life challenges?
A: Bruce McNall was convicted of bankruptcy fraud in 1996 and served two years in prison. He has also been diagnosed with bipolar disorder.
Q: What is Bruce McNall’s current status?
A: Bruce McNall is currently retired and living in Los Angeles. He is still involved in the hockey world and is a frequent guest on sports talk shows.
Bruce McNall’s net worth is estimated to be $100 million. He made his fortune through a variety of business ventures, including the ownership of the Los Angeles Kings hockey team and the National Hockey League. McNall is also known for his work as an art collector and philanthropist. He has donated millions of dollars to charities and institutions, including the Los Angeles County Museum of Art.
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