“Got to Have Some Fun With Your Money” : $250 Million Worth Wayne Gretzky Made a Contradictory Remark on His Business Plans in 1985

NHL legend Wayne Gretzky earned more than $140 million from his hockey career. Investing this money in ventures such as the National Lacrosse League’s Las Vegas Franchise, Gretzky has a keen business sense. However, in 1985, Gretzky made a surprising decision to invest his money. Talking about the reason for this decision, the hockey champion also made an unexpected statement.  

This decision was different from his usual approach while investing. All details of this decision were revealed in the Sports Illustrated edition of 2012. In 1985, Wayne Gretzky decided to purchase a Junior-A team. As per reports, Gretzky became the owner of the Hull Olympiques by paying more than 170,000 Canadian dollars.

Wayne Gretzky’s unbelievable investment and contrary remark 

His reasoning for this decision was, “You’ve got to have some fun with your money.” This viewpoint was different from Gretzky’s other approach which was, “I’m usually a low-risk guy.” Later, surprisingly, Gretzky had also said, “I’m happy to turn $100,000 into $150,000 instead of trying to turn it into $4 million.”

Strangely, this decision was different from his father’s advice which Gretzky revealed. “He taught me from a young age to be very conservative and that’s the way I have lived my whole life.” However, this decision was quite the contrary but a big leap that could either be a huge success, or a very bad loss.

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Luckily, the risk paid off and in 1992, Gretzky successfully sold off the Hull Olympiques for 550,000 Canadian dollars. This was not the only good decision Gretzky made to earn a handsome profit. In 2007, Gretzky made another investment that had unbelievable returns.

Wayne Gretzky’s smart decision earned him profit in millions 

During the year 2007, Gretzky sold his large mansion for $18.5 million. Later, he purchased the same house for $13.5 million. Later, Gretzky once again decided to sell the same house. Though he expected $22.9 million for the house, he got $17.6 million. Despite this, Gretzky earned a huge profit in millions.

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The contradiction of Gretzky’s statements depict how Gretzky didn’t follow one approach, instead, he trusted his instincts. As hockey fans, we hope to know more about Gretzky’s struggles, hockey career, and personal life. Would you agree that Gretzky made sound financial decisions? Share your views in the comments section.