In the 1990s the Cardiff Devils were one of the major players in UK hockey, having won three league titles in five seasons, three playoff championships in seven years, and an Autumn Cup to boot. After their last playoff title in 1999, though, they had only won a solitary Challenge Cup (think the FA Cup in soccer), and gone through a series of owners.
The Ragan days
The last of these owners was a man named Paul Ragan. Ragan built himself a £20M fortune via an insurance brokership he created himself, and later moved into operating a large taxi firm in Wales.