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Investment Gone Bad

from David Shoalts and Eric Duhatschek of the Globe and Mail,

Len Barrie’s misadventures in leading the Bear Mountain golf resort and real-estate development into bankruptcy left more than 100 angry investors and creditors in his wake, including 18 current and former National Hockey League players who lost a total of more than $13-million.

Sean Burke, goaltender coach for the Phoenix Coyotes, is one of the unfortunate 18, having lost more than $600,000. What angers him more than losing the money is the impression Barrie, who used his share of Bear Mountain to help buy part of the Tampa Bay Lightning in 2008, is not going to face any consequences.

continued

Filed in: Hockey Related Stories, | KK Hockey | Permalink
  Tags: len+barrie

Comments

Avatar

The continued link isn’t coded, until its fixed, for those interested in reading, the link is
http://www.theglobeandmail.com/sports/hockey/current-former-nhl-players-lose-more-than-13-million-in-resort-deal/article1883049/

Posted by holdt on 01/26/11 at 01:39 PM ET

Paul's avatar

Thanks holdt, I just forgot to put the link in, now fixed.

Posted by Paul from Motown Area on 01/26/11 at 01:43 PM ET

redxblack's avatar

If they had made $600,000 I don’t think this would be news. The only difference between gambling and investing is the respectability of the game of chance.

Posted by redxblack from Akron Ohio on 01/26/11 at 03:04 PM ET

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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.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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