Bill Dwyer became a hockey team owner by purchasing the suspended Hamilton Tigers franchise and the rights to its players for $80,000.
[1] The negotiations with Percy Thompson for the Hamilton players started in July and broke off in September after it was found out that Mickey Roach had retired and Billy Burch was under contract to coach in Pittsburgh, Pennsylvania.
Edmonton offered to sell the remaining players of the Eskimos, including Duke Keats and George Hainsworth for $45,000, but Gorman's counter-offer of $25,000 was rejected.
Dwyer would slip into the background and Thomas Duggan of Montreal was named chairman of the board, John Hammond of the Madison Square Garden was named club president and the club was promoted as "Tex Rickard's Americans", Tex Rickard being the owner of Madison Square Gardens.
The Hotel was also the home of several gangsters such as Legs Diamond, Dutch Schultz and Owney Madden, and writer Damon Runyon.