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CenterIce

Bickering Among the TB Ownership

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From TSN

The ongoing saga surrounding the Tampa Bay Lightning took another turn on Thursday afternoon, as all NHL general managers and player agents received a short email message from general manager Brian Lawton establishing his role with the club going forward.

"Please be advised that in order to avoid any confusion over the next couple of weeks, as GM of the Tampa Bay Lightning Organization I am the only person authorized to speak on behalf of the team with regard to player transactions," the email read.

"No other person is authorized to negotiate player transactions. Any questions, feel free to call."

The statement comes just two days after Lightning co-owners Oren Koules and Len Barrie met with NHL commissioner Gary Bettman in an effort bid to resolve their differences. It was re-affirmed in the meeting that Lawton is making hockey decisions for the club and for any transactions that would require ownership approval, he is obliged to get approval from both Koules and Barrie.

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From TSN

It seemed like these guys were going a little too fast when they bought the franchise. They already had a GM at the time, but they signed a bunch of free agents/made trades without talking to him. Then, they brought in a new GM, who had to clean up their mess.

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From tampa bay dot com / St. Petersberg Times :

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.

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This has been bad business right from the start....Barrie has owed money since the purchase took place. For those who don't know Barrie made his money off the beautiful Bear Mountain resort in BC, Canada Bear mountain . He has recently been trying to sell the resort and has been negotiating with middle eastern interests. When the economy started to take a dive construction reached a stand still on the resort and rumors around here were that he was trying to sell. It sounds like the sale is getting close and may get even more sped up now that he needs 10 million dollars asap !! Here is a link to our local paper about the progress of the sale. Bear Mt. sale If you have between 2.5 and 3.2 billion you could throw your name in the hat and bid :blink: . It is beautiful .

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This has been bad business right from the start....Barrie has owed money since the purchase took place. For those who don't know Barrie made his money off the beautiful Bear Mountain resort in BC, Canada Bear mountain . He has recently been trying to sell the resort and has been negotiating with middle eastern interests. When the economy started to take a dive construction reached a stand still on the resort and rumors around here were that he was trying to sell. It sounds like the sale is getting close and may get even more sped up now that he needs 10 million dollars asap !! Here is a link to our local paper about the progress of the sale. Bear Mt. sale If you have between 2.5 and 3.2 billion you could throw your name in the hat and bid :blink: . It is beautiful .

Len Barrie=Idiot.. Enough said

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From TSN :

Len Barrie supplied the National Hockey League with a letter of credit showing he has the funds to maintain his ownership stake in the Tampa Bay Lightning.

When contacted by TSN, Barrie said he wasn't able to comment on future ownership but he was very pleased with his meeting with NHL commissioner Gary Bettman.

"The league is satisfied and things are progressing nicely," Barrie concluded.

Maybe Barrie is on a short leash.

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From tampabay.com / St. Petersburg Times :

The NHL apparently has decided the Lightning's ownership situation is unsustainable and set up a process in which squabbling co-owners Len Barrie and Oren Koules can buy each other out.

Barrie has the first shot in an exclusive 60-day window that apparently runs out in mid to late September. If Barrie fails, Koules gets his chance.

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From TSN :

The ongoing Tampa Bay Lightning ownership saga may be about to take another interesting twist.

According to a report in The Hockey News, the NHL is negotiating the sale of the Lightning, as well as land adjacent to the St. Petes-Times Forum from the OK Hockey Group to Jeffrey Vinik for an estimated price of $170 million.

...

...

The 50-year old Vinik is a Boston based hedge fund manager who is also a limited partner in the Boston Red Sox. His net worth reportedly exceeds $500 million.

...

Q: How do you make a small fortune?

A: First, you start with as large fortune. Then, you buy the Tampa Bay Lightning.

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From TSN :

The Tampa Bay Lightning have made a change to their coaching staff, but the move is not sitting well with the head coach. The team announced on Wednesday that assistant coach Wes Walz had been relieved of his duties, and sources say Rick Tocchet does not like the move.

Erik Erlendsson has reported via Twitter that the decision to fire Walz was made by general manager Brian Lawton and that Tocchet was not consulted on the change.

...

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