When the cheap buys were gone, he sold out to Jack Kent Cooke in 1986 and invested the proceeds in the cellular business.

FORBES: "We're On A Collision Course"

Jack Kent Cooke Stadium was new and one of the biggest in the league, but it lacked amenities and was a financial laggard.

FORBES: Magazine Article

Not long after Kings were formed as an expansion team by Canadian Jack Kent Cooke in 1966, Mr. Cooke is said to have surveyed a sparsely filled arena and declared he had figured out why the region's Canadian expatriates had left Canada.

WSJ: Underdog Kings Reign in L.A., for Once

Mr Hindery recalls that when he was buying a cable system owned by Jack Kent Cooke, another colourful mogul, he was presented with a price based on subscriber numbers that had been heavily inflated by the inclusion of prisoners from a local jail who, though certainly in need of a distraction, were not in a position to subscribe.

ECONOMIST: Business deals