For a few surreal months in 1997, John Spano owned the National Hockey League's New York Islanders.
There was just one problem: he didn’t have the money.
Author Nicholas Mennuti joins the conversation to revisit one of the most audacious cons in professional sports history, chronicled in his book "Spano: How a Hockey Superfan Conned His Way Into Owning an NHL Team."
By the mid-1990s, the Islanders had fallen far from their four consecutive Stanley Cups. Nassau Coliseum was deteriorating, payroll was thin, ownership was disengaged, fans were furious, and the franchise desperately needed a savior. Into that opening stepped Spano: a hockey obsessive with expensive tastes, powerful connections, a fabricated fortune and an uncanny ability to convince people he belonged among sports’ ownership elite.
Mennuti traces how Spano learned from the booming sports-business culture of the era, explored deals involving the Dallas Stars and Florida Panthers, secured an $80 million bank loan, won the confidence of NHL commissioner Gary Bettman and ultimately took control of the Islanders despite having only a fraction of the wealth he claimed.
Even stranger, Spano may actually have had some instincts for the job. He pushed for a new Long Island arena, pursued superstar forward Mark Messier, challenged team GM Mike Milbury, renegotiated local television rights and helped create real value around a franchise he could not afford to own.
It’s a story about fraud, fandom, ambition and institutional credulity — and about how a desperate NHL franchise briefly handed its future to a man whose greatest asset may have been his absolute belief that he belonged there.