Kukla's Korner Hockey
Entries with the tag: len barrie
from Charla Huber of the Victoria News,
Majority owner Len Barrie made his return as the head coach of the Victoria Grizzlies official on Friday.
The 42-year-old former NHL player, Tampa Bay Lightning owner and deposed Bear Mountain CEO has stepped into the top coaching slot of the junior A franchise.
Barrie assumed a coaching role during last season’s playoffs, when the squad struggled and lost against top-ranked Powell River Kings. Then-head coach Victor Gervais was made assistant after the Grizzlies were out of the playoffs in round 2.
“We have unfinished business and we want to win a championship,” Barrie said.
Barrie has demanding expectations for the team, which will see a number of new faces this season.
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.
from the Globe and Mail,
A report by the former auditor of Bear Mountain Resort – a massive golf, hotel and commercial and residential project near Victoria headed by Canadian Len Barrie – has accused the Tampa Bay Lightning co-owner and other senior members of the complex’s management team of misappropriating funds.
The Victoria accounting firm of Norgaard Neale Camden Ltd. made the report to Bear Mountain’s executive committee last January and then resigned as the auditor on April 15 because it felt some financial transactions were illegal and because Bear Mountain’s directors did not take action.
Some of those transactions, according to the report, involved at least $2.5-million that Mr. Barrie, a former NHL-player-turned-owner, used to pay for his part of the Tampa Bay Lightning. The report raised questions about more than $25.8-million paid to Mr. Barrie or companies under his control going back at least two years by the partnership that owns Bear Mountain.
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.
from Damian Cristodero of the St. Petersburg 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.
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.
from Erik Elrlendsson of Bolts Report,
Lightning co-owners Oren Koules and Len Barrie held a meeting with NHL commissioner Gary Bettman at the league offices in New York on Tuesday to determine who has the final say in team related decisions. A source close to the situation said this afternoon that everything remains on par, with Tampa Bay general manager Brian Lawton in control of the team decisions and Koules, who also serves as the team’s governor, having the final say in what direction the team takes for this weekend’s draft and the start of free agency next week.
The decision by Bettman, who has intervened in Lightning ownership disputes twice in the past 18 months, may have an immediate impact on the future of captain Vinny Lecavalier.
added 8:26pm, via Bob McKenzie of TSN,
In terms of the longer-term reationship between Koules and Barrie, who are at odds, it is believed Koules and Barrie have a few weeks to sort out their differences and either find a way to work together or buy one or the other out.
In any case, the situation is expected to be resolved one way or another by mid July.
from John Romano of the St. Petersburg Times (Tuesday edition),
Turns out, the Lightning’s troubles did not end with another lost season.
This morning, the woes grow deeper. Perhaps, by this evening, they will turn uglier.
There is unrest in the ownership group. There is dissension in the ranks. And, almost one year to the day after OK Hockey took control of the franchise, the possibility of a messy divorce between bickering owners is a real possibility.
Oren Koules and Len Barrie are scheduled to have a meeting today with NHL commissioner Gary Bettman to determine which one of them will have the authority to make decisions for the franchise. In essence, the commissioner is determining custody of a hockey team.
from David Ebner of the Globe and Mail (Friday edition),
Len Barrie, co-owner of the Tampa Bay Lightning, wants a hands-on role next season running one of the worst teams in hockey — as soon as he can sell a major real estate development in British Columbia….
Barrie, a one-time journeyman NHLer, has his mind on the Lightning, whose 2008-09 campaign was a disaster, ending with nine consecutive losses to ring up the second-worst record in the league. The team’s 24 wins were the fewest in the NHL.
“We’ve had a long year, we had a lot of injuries,” Barrie said in an interview yesterday. “It’s been disappointing not being able to help. I have to look after the main place [Bear Mountain] first, and we’ll see how it plays out.
“I’d like to have more of an involvement on the day-to-day stuff [in Tampa]. You can only do so many things.”
“He (Tampa co-owner Len Barrie) was more of a Sean Avery-type player when we were in junior. It was my first game in Victoria and my folks came down from central Vancouver Island to watch.
“[Barrie] was all over me, chirping and smacking me. Finally, about halfway through the second period, I had enough. I dropped my gloves and we went at it. Who would have thought 21 years later he would be my boss?”
-Lightning goalie Olaf Kolzig. More at the Globe and Mail…
Since the Koules/Barrie superteam took over, nearly all of the press releases regarding player movement have been announced by one of them or new executive something-or-other Brian Lawton.
I’m not sure what Feaster is doing these days but there’s a good chance he’s collecting a nice check while sitting in an air-conditioned office watching reruns of The Surreal Life on Tivo rather than calling GMs and dealing with the league.
And Bruce Garrioch shares this theory at Off the Posts today:
The whisper amongst NHL executives is he has three years left on his contract, is on the verge of being fired and will likely get a buyout from the Bolts.
My opinion of Garrioch rumors notwithstanding, he might be onto something. Feaster is a ghost these days.
Update 3:00pm ET: The new Lightning owners and Barry Melrose will be available for questions at an open town hall meeting next Tuesday. No indication that Feaster will be attending.
“I’ll predict right now, Tampa Bay will win the division,” he said of the Southeast. “That’s how much we like our team.”
-Tampa owner Len Barrie via Lightning Strikes
“You can hear from me first, our defense is better than people think,’’ Barrie said. “That’s why we are loading up on forwards because I really, really like our young defense.’’
-via Bolts Report and it looks like they will sign defenseman Andrew Hutchinson…
Update 4:45pm ET: The Lightning have signed Brandon Bochenski for 2 years. [TSN]