Bankruptcy Court Chases Stanley Cup Rings

Once sold at auction, former Edmonton Oilers’ owner Peter Pocklington’s Stanley Cup rings have caught the attention of Robert Whitmore, the trustee in the former hockey team owner’s personal bankruptcy filing in California.

In 2002, former Edmonton Oilers owner Peter Pocklington moved to California, leaving bailouts and ill will behind. To Canadians, he disappeared. For unwitting new partners in the U.S., a golden entrepreneur seemed to have swept into town.

In an intensive investigation, spanning more than a year, Toronto Globe and Mail
reporter Brent Jang delved into Pocklington’s half-dozen courtroom battles in
various U.S. jurisdictions, and his efforts to dodge creditors. After three court-ordered raids on his posh California condo, Pocklington filed a personal bankruptcy claim, with personal liabilities listed at $19.7 million (U.S.). In late November, two U.S. entrepreneurs battling him in court, along with the Alberta government, filed complaints against him in U.S. bankruptcy court.

Five valuable Stanley Cup rings belonging to Pocklington are among the memorabilia the governments are looking at. They sold in an auction for well over $200,000 earlier this year, but the buyer bailed after hearing they might not be the only set of rings made for Pocklington.

According to this story in the Canadian publication Report on Business, the bankruptcy trustee is now trying to recover money from Pocklington and potentially seize whatever is still in his possession, notably the five Stanley Cup rings.