Interesting as I sit here looking around the internets at the different reports on the current status of the ownership of the Tampa Bay Lightning. One article seems to suggest that Len Barrie may well be on his way to buying out Oren Koules and the other suggests that Barrie is ready to throw in the towel and let Koules buy him out.
David Shoalts in the Globe suggests that Barrie’s time is up.
“Those close to Len Barrie say he is likely to throw in the towel on his one-year run as co-owner of the NHL’s Tampa Bay Lightning next Saturday, clearing the way for (sparring) partner Oren Koules to take over. Under the agreement worked out by NHL commissioner Gary Bettman when it became apparent Barrie and Koules could no longer co-exist, Barrie was given until the end of September to put together a deal to buy out Koules. If he failed, then Koules would get a chance to buy out Barrie. Neither Barrie nor Koules is talking, as Bettman issued one of his infamous gag orders. But a person with knowledge of how the buyout agreement was set up confirmed the reason Barrie was allowed to go first is because no one thinks he can pull it off. ”
Damian Cristodero, the bolts writer at tampabay.com offers a different scenario:
“Anthony Sansone Jr. would not say when he will decide whether to try to join Len Barrie as an owner of the Lightning. He also declined to identify the “very substantial” financial investment entity he would bring with him. But the St. Louis real estate mogul offered this Friday: “We’re certainly in the advance stages of due diligence. There’s a lot that has to be done and a lot that has to be handicapped.” The process can’t move fast enough for Barrie, in the midst of a league-mandated 60-day window to buy out co-owner Oren Koules, with whom he has been squabbling.”
That certainly doesn’t sound like Barrie is about to throw in the towel does it? Both stories will appear in their respective papers tomorrow.
Interesting times indeed. Not the craziness of Arizona, but not far behind either.
You can read about Anthony Sansone Jr.’s potential purchase of the Lightning with Len Barrie here.
You can read about Len Barrie throwing in the towel and giving up his ownership share of the Tampa Bay Lightning here