And he was a failed businessman who didn't live long enough to cash in on his one big score, the Tim Hortons doughnuts franchise. A year after his death, Lori sold the family's half of the business, and the rights to Horton's name, to his partner, Ron Joyce, for $1-million, a sellout that was later litigated. Today, that share is worth $1-billion.
The Globe and Mail
February 3, 2001
No holes in Horton story
William Houston
If you're under 30, you know Tim Horton as the doughnut guy.
But Horton was a great hockey player and also a tragic figure, dead at 44 from a high-speed crash in his Ford Pantera. His public charm belied a tough childhood, dependency on booze and an abusive relationship with his wife, Lori, who was addicted to alcohol and amphetamines. And he was a failed businessman who didn't live long enough to cash in on his one big score, the Tim Hortons doughnuts franchise. A year after his death, Lori sold the family's half of the business, and the rights to Horton's name, to his partner, Ron Joyce, for $1-million, a sellout that was later litigated. Today, that share is worth $1-billion.
The CBC's Life and Times will tell the grim, but riveting story of the Horton family, on Tuesday at 7 p.m. EST.
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Risks: Alcoholism, Canada, 20010203 No holes
