Not only is Vegas Golden Knights starting goalie, Robin Lehner, out for the season, he has also filed for Chapter 7 bankruptcy.
The troubles keep mounting for the star netminder who underwent surgery on both hips during the off-season last year. While he recuperates and rehabilitates, he is not expected to play in any regular season games for the Vegas Golden Knights during the 2022-2023 NHL season.
According to an investigative news article written by Mick Akers and Art Kane in the Las Vegas Review-Journal on Friday, Lehner signed a five-year, $25 million dollar contract with our local NHL team in 2020. That contract expires after the 2024-2025 NHL season.
Details from the article written by Akers and Kane point towards poor business investments made by Lehner as the reason for the bankruptcy filing. It all started back in 2017, before he joined the Vegas Golden Knights, when he decided to purchase a snake-breeding business. It has been alleged that he failed to make the necessary quarterly payments on that purchase, and he was sued for that.
Lehner’s financial woes were compounded when he was sued again in 2022 for allegedly failing to make payments on another company he purchased called Solarcode.
The LVRJ article by Akers and Kane reports that Lehner and his wife claimed to have up to $50 million dollars in debt in the Chapter 7 bankruptcy filing. The Review-Journal reporters quote Zach Miller, a former NFL tight end turned financial adviser with AWM Capital, as stating: “As a pro athlete on a big contract, you’ve already won the game, no need to take excessive risk. Private investments and business ventures are where athletes lose the most.”
As Vegas Golden Knights fans, let’s hope Robin Lehner can solve his financial problems while he is recuperating and rehabilitating, so that when he gets back in the goalie crease next season, he can focus on hockey.
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Larry Martino is the long-time Afternoon Drive personality on 96.3 KKLZ. The views and opinions expressed in this blog are those of Larry Martino and not necessarily those of Beasley Media Group, LLC.
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