Peter Luukko has resigned as president of Comcast-Spectator, the parent company of the Philadelphia Flyers.
Based on the reaction of various Flyers reporters, this resignation was rather unexpected. Luukko was the right-hand man, and potential successor, of 80-year-old Flyers owner Ed Snider. The two had a working relationship that went all the way back to 1985.
“Peter has been an invaluable partner as we built Comcast-Spectacor into the phenomenal company that it has become,” said Snider in a statement, per CSN Philly. “Peter’s leadership was key in helping us build the many businesses that enabled us to become a nationally recognized leader in sports and entertainment. His passion and dedication is legendary in our industry. Peter will be missed, and we wish him the best of luck in his next phase of life.”
“I want to thank Ed for the opportunities that he has given me to help build Comcast-Spectator over the past 25 years,” Luukko said. “We have had a wonderful partnership, building a great company with a terrific management team. Now, I have decided that it is time for me to take advantage of the equity I have built up at Comcast Spectacor and pursue other entrepreneurial interests.”
Suffice to say, you may want to stay tuned on this one. We sense there’s a bit more to the story than Luukko leaving to “pursue other entrepreneurial interests.”