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Dubuque Fighting Saints Announce Restructured Ownership

Dubuque Fighting Saints

The Dubuque Fighting Saints (USHL) have announced restructured ownership, as Saints4Life Acquisitions, LLC, has purchased the equity stake held by Philip Falcone in Northern Lights Hockey, LLC, the Fighting Saints’ ownership entity. 

Saints4Life Acquisitions is led by Fighting Saints alumni and current NHL players Johnny Gaudreau and Zemgus Girgensons, NHL executive Peter Luukko, and Stanley Cup champion coach Dan Bylsma. Also joining Saints4Life Acquisitions, LLC, is a group of experienced businessmen and investors, all with ties to hockey.

“These excellent investors that are now part of Northern Lights Hockey are all passionate about the game of hockey, the USHL, and most importantly, the Dubuque Fighting Saints,” said Brad Kwong, the Managing Partner of Northern Lights Hockey, LLC. “Adding two of Dubuque’s most famous athletes, a Stanley Cup champion coach, an executive who led two NHL clubs, and a collection of prominent investors to our ownership puts us among the elite groups in junior hockey. Their collective experience in hockey and business is vast, and that experience will be a tremendous asset to the Fighting Saints organization, our players, coaches, business partners, and fans.”

Gaudreau, a Clark Cup champion with the Saints, and USHL Rookie of the Year, was drafted by the Calgary Flames in 2011. A year later, he won the NCAA Championship with Boston College, and went on to win the Hobey Baker Award in his final season at BC. In the NHL, as a member of the Flames, he was a finalist for the Calder Memorial Trophy in 2015, won the Lady Byng Memorial Trophy in 2017, and has been a three-time NHL All-Star.

“The first day I stepped into Dubuque, I knew it was a special place. I still have my billets come down to New Jersey every summer and I still have a close relationship with them,” Gaudreau said. “It seemed like a good fit. I loved playing in Dubuque, and I have a lot of special memories in Dubuque, including winning it all in 2011. It was an offer I couldn’t refuse. I’m really excited to be a part of the future.”

Girgensons, entering his fifth season with the Buffalo Sabres, holds the distinction of being the highest-drafted Dubuque Fighting Saint, and the highest-drafted Latvian player in NHL history. Girgensons was part of the inaugural Fighting Saints team that captured the 2011 Clark Cup, and in his second season, he served as team captain, and was named a USHL All-Star. Prior to, during, and after his time in Dubuque, Girgensons has regularly represented his native country of Latvia in international competitions.

“My two years in Dubuque were something I’ll never forget. I’m really excited to be part of an organization that paved the way for where I am right now,” Girgensons said. “I’m excited to be making more memories with the Fighting Saints. The Saints have always been a top team in the USHL and have won multiple championships, and the only goal now is to win a championship again.”

Luukko, a hockey industry veteran, brings over 25 years of hockey management experience to the Fighting Saints’ ownership group. Luukko is currently the Executive Chairman of the Florida Panthers and Sunrise Sports & Entertainment, a member of the NHL Board of Governors, and Co-Chairman of the Oak View Group’s Arena Alliance. Previously, he was the President and Chief Operating Officer of Comcast-Spectacor, the ownership group behind the Philadelphia Flyers. In his tenure there, he helped in the establishment of the Wells Fargo Center, the hosting of the 2012 NHL Winter Classic, the 2014 NHL Draft, and many other top events. His son, Nick Luukko, played for the Dubuque Fighting Saints during the inaugural 2010–11 season and won a Clark Cup championship.

“I am excited to join the solid ownership group of the Fighting Saints. It was fun as a parent to watch my son Nick play alongside Johnny Gaudreau and Zemgus Girgensons and win a Clark Cup playing for a great coach in Jim Montgomery,” Luukko said. “Now I am honored to be partners with Johnny, Zemgus, Dan Bylsma, Peter Chiarelli, Brad Kwong, and the other members of Northern Lights Hockey in Dubuque in the top Tier I junior hockey league in America.”

Bylsma, a Stanley Cup champion coach with the Pittsburgh Penguins in 2009, has an impressive resume as both a player and a coach in the NHL. He holds the NHL record for being the fastest NHL coach to reach 200 wins, and as of the conclusion of the 2016–17 season, holds a record of 320-190-55. With the Penguins, Bylsma helped lead the Penguins to the Stanley Cup Playoffs in all six of his seasons in the Steel City. Bylsma played 429 games as a player in the NHL for the Los Angeles Kings and the Mighty Ducks of Anaheim.

The group of co-investors in Saints4Life includes a number of investment professionals all with a direct interest in the game of hockey. The group includes Joe Carrabino, a partner at AEA Investors, who had a son that played in the USHL, and for Boston University, and another son who is a sophomore defenseman at Northeastern University; Scott Amero, the former Vice Chairman and global Chief Investment Officer for Fixed Income of BlackRock; Brendan Garvey, who lettered in hockey at Wesleyan University, and is the Senior Managing Director of Cerberus Capital Management; John Murphy, the Founding Partner and Chief Executive Officer of JAM Investment Management, LLC, a four year letter-winner at Harvard, and an integral part of the 1989 National Championship team; Brett Barakett, the Founder, Chairman and Chief Executive Officer of Tremblant Capital Group, who plays and coaches hockey in his Connecticut community, and Keith McCullough, who played his collegiate career at Yale, served as captain in his senior year, and is the founder of Hedgeye Risk Management, and also a founding principal, along with Yale teammate Daryl Jones and former NHL player Martin St. Louis at Seven7, a private investment company focused on media, entertainment, and tech.

New to the local ownership group is Tim King, M.D., an otolaryngologist with Medical Associates Clinic in Dubuque.

John Stellato, the former Executive Vice President of The Pritzker Organization, and Peter Chiarelli, the President of Hockey Operations and General Manager of the Edmonton Oilers, continue to remain as part owners of the Dubuque Fighting Saints.

Philip Falcone departs as principal owner of the Fighting Saints organization through Northern Lights Hockey, LLC. Falcone served as Director, Chairman, Chief Executive Officer and President of HC2 Holdings, Inc., and was formerly a part owner of the Minnesota Wild.

“I would like to thank Phil and the Falcone family for providing the foundation of the Fighting Saints program,” Kwong said. “Phil’s vision, dedication and overall support were integral in the re-establishment of this renowned organization. We will work hard to carry on the success that he previously has been so integral in attaining.”

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