((HT: TSN/Dreger))
Len Barrie supplied the National Hockey League with a letter of credit showing he has the funds to maintain his ownership stake in the Tampa Bay Lightning.
When contacted by TSN, Barrie said he wasn't able to comment on future ownership but he was very pleased with his meeting with NHL commissioner Gary Bettman.
"The league is satisfied and things are progressing nicely," Barrie concluded.
Earlier this week the St. Petersburg Times reported Barrie was told by Bettman that he had a Friday deadline to prove that he had $10 million and could continue to fund the team.
There have been numerous reports of friction with Tampa's ownership over the last few months. As it stands now, co-owner Oren Koules acts as the Chief Executive Officer and league governor for the team, but Barrie's input is required for major personnel decisions.
Bettman called a meeting with the two owners and general manager Brian Lawton on June 23 in an attempt to try to solve the power struggle that has developed between the owners.
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