Hate speech is never acceptable, and thankfully the NHL agrees. In yet another internet distraction amid the Stanley Cup Playoffs, Florida Panthers co-owner and Virtu Financial CEO Douglas Cifu has been suspended indefinitely for “unacceptable and inappropriate” social media activity.
But who exactly is Doug Cifu and how much does he actually have to do with the Panthers?
Well, in 2013 Doug Cifu—alongside longtime business partner Vincent Viola—purchased the franchise (and its associated Sunrise Sports & Entertainment assets) from Cliff Viner. Viola took on the principal roles of chairman, owner and governor, while Cifu became vice-chairman, partner and alternate governor. Despite his minority stake, his recent conduct online still reflects poorly on the organization.
Following Florida’s Game 4 win, Cifu replied to a fan’s tweet with language the NHL deemed insensitive and offensive.*
Cifu has since issued an apology:
“My behavior does not reflect the standards of the Florida Panthers organization and the Viola family. I sincerely apologize to all those affected by my comments. I am committed to working with the NHL to amend my actions.”
An in-person meeting with Commissioner Gary Bettman will be scheduled to determine the duration of his suspension and any further discipline.
* (Readers who want the full context of his remarks can find them here.)
This is a developing story…
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