Kukla's Korner Hockey
by Paul on 08/09/09 at 09:48 AM ET
from Damian Cristodero of the 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.
Purchase price is not the only issue. The parties also must prove they can handle the substantial debt obligations to former owner Palace Sports & Entertainment.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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