On this date 40 years ago, September 2, 1970, The News’ editorial board lauded the NHL’s approval of Jeremy Jacobs’ purchase of the Boston Bruins. In their editorial, they said the league’s blessing should serve as an end to attempts by journalists and the Justice Department to tie Jacobs and the company now known as Delaware North to organized crime.
The Buffalo company was built by Louis Jacobs and then his son Jeremy by loaning money to sports franchises in exchange for long-term concessions rights. Late Buffalo News Sports Editor Larry Felser, among others, credited the Jacobs family with keeping Major League Baseball afloat during the Depression. Among hundreds of loans, cash lent to Detroit mafia kingpins and interest in a Las Vegas casino raised suspicion.
The News editorialized that congressional findings of no wrongdoing and the swift NHL approval should both spell a clean record for the company.