Investing » Celebrity Investments Gone SourDorothy Hamill4 of 6The investment: While figure skater Dorothy Hamill became America's sweetheart by winning a gold medal at the 1976 Olympics, it was "Ice Capades" that made her rich, giving her the first $1-million-per-year contract ever given an American female athlete.So when the company went bankrupt in the early '90s, it was only logical that Hamill try to save the veteran institution. Along with her husband at the time and another investor, Hamill purchased the Ice Capades in 1993 for an undisclosed sum.The dive: Ironically, Hamill had contributed to a change in how the public perceived ice skating, emphasizing the sport's intensity and athleticism. As such, the frivolity of the cartoonish "Ice Capades" no longer held widespread appeal. Hamill unloaded the "Ice Capades" in 1995 and filed for bankruptcy the following year, telling one press outlet, "money is evil."
Investing » Celebrity Investments Gone Sour
The investment: While figure skater Dorothy Hamill became America's sweetheart by winning a gold medal at the 1976 Olympics, it was "Ice Capades" that made her rich, giving her the first $1-million-per-year contract ever given an American female athlete.
So when the company went bankrupt in the early '90s, it was only logical that Hamill try to save the veteran institution. Along with her husband at the time and another investor, Hamill purchased the Ice Capades in 1993 for an undisclosed sum.
The dive: Ironically, Hamill had contributed to a change in how the public perceived ice skating, emphasizing the sport's intensity and athleticism. As such, the frivolity of the cartoonish "Ice Capades" no longer held widespread appeal. Hamill unloaded the "Ice Capades" in 1995 and filed for bankruptcy the following year, telling one press outlet, "money is evil."
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