 He had trouble icing a team, and on January 2, 1918, the Montreal Arena, home of Wanderers' and the rival Montreal Canadiens, burnt down; the Wanderers folded within days.The decision was influenced by Lichtenhein citing losses over $30,000 in 1918 money due to the fire.Lichtenhein was later quoted as stating that he lost over $150,000 in the last five years of owning the Royals and Wanderers.