Q:Facts: - residence: tarzana , los angeles , california - known for: owned league -lrb- nhl -rrb- and the toronto argonauts of the the canadian football league -lrb- cfl -rrb- los angeles kings of the national hockey - birth name: bruce patrick mcnall - education: university of california , los angeles , - birth date: 17 april 1950 - name: bruce mcnall - image size: 150px - nationality: united states - image: bruce mcnall cropped.jpg - birth place: arcadia , california , united states - boards: los angeles kings , toronto argonauts - occupation: sports teams owner , racehorse owner , film producer Based on these bullet points, write a short biography describing the life of bruce mcnall .
A:
bruce patrick mcnall -lrb- born april 17 , 1950 in arcadia , california -rrb- is a former thoroughbred racehorse owner , and a sports executive who once owned the los angeles kings of the national hockey league -lrb- nhl -rrb- and the toronto argonauts of the canadian football league -lrb- cfl -rrb- .mcnall claimed to have made his initial fortune as a coin collector , though metropolitan museum of art director thomas hoving claimed he smuggled art antiquities as the partner of robert e. hecht in the 1980s mcnall produced several hollywood movies , including '' the manhattan project '' and '' weekend at bernie 's '' .mcnall bought a 25 percent stake in the kings from jerry buss in 1986 , and bought an additional 24 percent in 1987 to become the team 's largest shareholder .he was named team president that september , and purchased buss ' remaining shares in march 1988 .he then shocked the sports world on august 9 , 1988 when he acquired the nhl 's biggest star , wayne gretzky , along with marty mcsorley and mike krushelnyski , from the edmonton oilers for jimmy carson , martin gelinas , three first-round draft choices and us$ 15 million .mcnall raised gretzky 's annual salary from less than $ 1 million to $ 3 million , which , in turn , triggered a dramatic rise in nhl salaries throughout the 1990s .in 1992 , mcnall was elected chairman of the nhl board of governors -- the league 's second-highest post .in 1991 , mcnall , gretzky and actor/comedian john candy purchased the cfl 's toronto argonauts .prior to the 1991 season , mcnall enticed raghib '' rocket '' ismail away from the national football league by signing him to a four-year contract for a then-unheard-of $ 18.2 million .although ismail led the argonauts to the 1991 grey cup championship , he returned to the u.s. after two seasons in toronto .at one point , he also owned the finest copy of the most expensive baseball card , honus wagner 's 1909 t206 card .