Report: Lightning co-owner wires $3M

Updated: August 2, 2009, 10:28 AM ET
ESPN.com news services

Tampa Bay Lightning co-owner Len Barrie has wired a payment of $3 million to fellow owner Oren Koules, meeting a Monday deadline to help cover the team's financial losses, the Tampa Tribune has reported.

"I continue to meet any obligations to the satisfaction of the league as we continue to move forward in a positive direction,'' said Barrie, according to the report.

Barrie wouldn't comment further under orders from NHL commissioner Gary Bettman.

A team spokesman wouldn't confirm the payment, the newspaper reported.

A July 17 meeting between Barrie and Koules had apparently squashed any acrimony between the owners when Barrie reportedly issued a $10 million credit line to assure repayment of a loan made by Koules last year to cover a cash call.

Barrie and Koules met with Bettman in June and were ordered to settle their differences after it became clear they did not agree on the direction the franchise would take going forward.

Koules remains CEO and governor of the team although Barrie's input is required on all major personnel decisions.

Questions about Barrie's financial situation have dogged the former NHL player for months, though he sold a portion of his Bear Mountain golf and real estate development in British Columbia to a group from Dubai that would provide an injection of capital in the range of $350 million.

Information from ESPN.com's Scott Burnside was used in this report.

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