Blog Reactions
KK Hockey: Len Barrie Needs $10M By Friday
IllegalCurve.com: NHL Morning Papers (Tuesday Edition): More on the Dale Tallon firing, Gary Bettman orders Len Barrie to pay $10 million by Friday and reaction to Jacques Lemaire’s return to Jersey
Raw Charge: ESPN's Off-Season rankings put the Lightning at 13th in the East
Len Barrie Needs $10M By Friday
KK Hockey —
... Bettman acted during a June meeting in his New York office when he demanded Barrie and co-owner Oren Koules settle their financial and philosophical differences about how to build the team.
Barrie must come up with cash or an irrevocable letter of credit from a financial institution payable to the NHL. The money is to cover his share of the team’s projected losses for the fiscal year that began July 1 and provide an additional cushion.
continued
NHL Morning Papers (Tuesday Edition): More on the Dale Tallon firing, Gary Bettman orders Len Barrie to pay $10 million by Friday and reaction to Jacques Lemaire’s return to Jersey
IllegalCurve.com —
... Gary Bettman has demanded a $10 million payment by Lightning owner Len Barrie by Friday to have the Lightning ownership situation remain status quo, writes Damian Cristodero. ...
ESPN's Off-Season rankings put the Lightning at 13th in the East
Raw Charge —
... It practically comes off like Terry wrote this before or just after July 1st and phoned it in. He doesn't care about the Lightning, nor expects the readers to have gone that far in the article... That's how it's presented. There is no mention of a revamped defense and the players brought in. It's all the same media narrative nationally about Tampa Bay from the past year: ownership issues (fresh information is available about today), ...
Bettman tells Barrie to come up wish cash
From The Rink —
... Another chapter in the story of the Lightning's bickering owners will play out this week, as Len Barrie has a Friday deadline to come up with $10 million to prove he can continue funding the team. The deadline was imposed by commissioner Gary Bettman, who has ordered the participants to not speak on the issue.
— Damian Cristodero, St. Petersburg Times
This week, on As The Lightning Turn...
We've heard rumours about as long as Barrie and partner Oren Koules have been in ownership that this was ...
Puck Headlines: Hawks confirm GM flip; Lucic hangs with Venus
Puck Daddy —
... co-owner Len Barrie has a Friday deadline to get $10 million and prove to Gary Bettman he can continue funding the team. The St. Pete Times reports that Barrie has "a commitment from investment firm Siraj Capital of Dubai, United Arab Emirates, to pour $350 million into Barrie's 1,300-acre Bear Mountain Golf Resort and Spa in Victoria, British Columbia." So yeah, he might have some extra liquidity. [St. Pete Times] ...
Tuesday Links (7/14)- Because There Is No Off-Season In Hockey
Speaking of the Devils —
... gets interesting again this Friday when the deadline for owner Len Barrie to come up with $10 million dollars, to prove he can continue funding the team, is up. ...
Empty Netter Assists - 7-15-09
Empty Netters —
... -Gary Bettman has told Lightning owner and former Penguins forward Len Barrie to come up with $10 million by Friday to prove he has the funds to run the franchise. ...
The rumour that refuses to die
The Daily Hab-it —
... Now, it appears that the Lightning may once again come back to bite Gainey in the ass. The St Petersberg Times reported Tuesday that NHL commissioner Gary Bettman has imposed a $10 million cash call on Lightning co-owner Len Barrie with a deadline for this Friday. ...
Bettman to Barrie - Put Up or Shut up
MVN RSS —
... Will Barrie funnel some of the reported $350 million into the Lightning? Not really, according to the St. Petersburg Times, the money is to be used on the resort for "further expansion and development of the resort" and provides the company an ownership interest. Does it place the Lightning ownership at risk? ...
Buyer's remorse - Tampa Bay's ownership squabble
Raw Charge —
... Len Barrie had two deadlines in the last three weeks: the first being to produce a $10 Million line of credit by July 17th, the second being a cash repayment to Koules to the tune of $3 Million by August 1st. ...
Lightning ownership situation back in spotlight
Raw Charge —
... cliché (or simply repetitive). The Lightning are not supposed to be identified by ownership issues and that's how ti's turning.
Here's just some of the stories that have been running since last spring regarding the Bolts ownership situation: Barrie and Koules were not getting along, OK Hockey in turmoil, Bolts owners meet with Gary Bettman to clear up feud while Gary lays down the law.
Barrie had to pay back money to Koules and produce a line of credit which was done and done. Then Len Barrie gets accused of ...
