Baldwin's specialty was buying franchises with very little of his own money invested. For example, his actual cash investment in the Penguins was just $1,000. The rest was assumed debt and capital provided by other partners. His purchase of the Penguins was bankrolled largely by Morris Belzberg. When Belzberg left the group, Baldwin recruited Roger Marino, a Boston investor. By that time, the Penguins were struggling financially and wound up declaring bankruptcy in 1996.
The WHA's coach of the year award was originally named the Howard Baldwin Trophy in his honor. Recently the Baldwin Entertainment Group has moved to offices in Connecticut while attempting to regroup its finances.
Trio spend bucks on pucks.(Howard Baldwin, Karen Baldwin and David E. Kelley produce movie based on hockey great Gordie Howe)
Oct 17, 2006; Howard and Karen Baldwin are teaming with David E. Kelley to produce a feature based on the origins of the World Hockey Assn. and...
Rodney gets some respect.(Howard Baldwin and Karen Baldwin to make movie on Rodney Dangerfield)(Brief Article)
Jun 21, 2005; HOLLYWOOD -- The late Rodney Dangerfield is getting some serious respect. Producers Howard and Karen Baldwin have acquired life...