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By 1996, the New York Islanders hockey team was at the lowest of the low. With a dwindling fan base, losing streaks, and mismanagement among the franchise, the Islanders needed a hero. Businessman John Spano quickly became that hero, offering to buy the team for $165 million and revitalize the program. Shortly after buying the franchise, however, it was revealed that Spano had insufficient funds to fulfill his commitment, thus making him one of the biggest fraudulent figures in sports history.