Kukla's Korner Hockey
Investment Gone Bad
by Paul on 01/26/11 at 09:47 AM ET
Comments (3)
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.
Filed in: Hockey Related Stories | KK Hockey | Permalink
Tags: Len+Barrie,
Comments
Thanks holdt, I just forgot to put the link in, now fixed.
Posted by Paul from Motown Area on 01/26/11 at 11:43 AM ET
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 01:04 PM ET
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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 11:39 AM ET