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smartblogger
April 22, 2008

Tampa Bay Lightning Sale to Proceed; Can Koules Avoid Bankruptcy?

http://nhlbusinessblog.blogspot.com/2008/04/tampa-bay-lightning-sale-to-proceed.html

It seems as if the sale of the Tampa Bay Lightning to Hollywood mogul Oren Koules and OK Hockey will be completed after all. The sale was in jeopardy when French bank Societe Generale who agreed to lend to Koules was rocked by the largest trading scandal and fraud in bank history....This deal looks fishy to me. The fact that Koules and his partners needs to finance up to $100 million is a huge red flag.

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