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Lightning's ownership situation made easy
A lot of information has become available the past few days about the Lightning's ownership situation and owners Oren Koules and Len Barrie, who over the summer mounted efforts to buy each other out under a league-mandated program that since has been modified. Here is a quick primer to give the lay of the land and where things stand -- as best we can figure, what with the parties still mostly quiet about some of the behind-the-scenes stuff.
Still, here is what we believe we know: ... Read more
Miami Beach real estate investor Jeff Greene drops bid to buy the Tampa Bay Lightning (updated)
Miami Beach real estate investor Jeff Greene has decided not to pursue buying the Tampa Bay Lightning. In a statement, Greene said:
“After careful due diligence and a thorough analysis of the terms and economics of the deal, we have determined that this investment does not meet our criteria. At Florida Sunshine Investments, we are presented diverse investment opportunities here in Florida, throughout the United States and around the world. We looked at the investment in the Lightning like we look at any other potential investments, and after doing our final analysis, the numbers did not work for us.
“I want to thank the National Hockey League and the Lightning ownership for their courtesy during this process." ... Read more
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