The NHL indefinitely suspended Anaheim Ducks owner Henry Samueli on Tuesday following the billionaire philanthropist’s guilty plea to a felony count of lying to the Securities and Exchange Commission.
 
Commissioner Gary Bettman said the NHL will review Samueli’s status after he is sentenced on Aug. 18 and determine the length of his suspension.

Samueli, the co-founder of the chipmaker Broadcom Corp., entered the guilty plea in U.S. District Court in Santa Ana on Monday after a federal probe into illegal stock option backdating at Broadcom. Federal prosecutors have recommended a sentence of five years’ probation and a $12.2 million fine.

During his suspension, Samueli can’t be involved in Ducks matters or activities. Chief executive officer Michael Schulman will be responsible for the club’s day-to-day operations.