Tampa Bay Lightning owner Len Barrie has reportedly been asked to cover the team's projected losses for this year, plus provide a cushion for next season. ((Chris O'Meara/Associated Press))

NHL commissioner Gary Bettman has reportedly ordered Tampa Bay Lightning co-owner Len Barrie to come up with $10 million US by Friday to cover his ailing hockey club.

The St. Petersburg Times reported the money is required to cover the team's projected losses for the current fiscal year, and to provide a financial cushion for the troubled hockey team.

If Barrie fails to come up with the cash by Friday, consequences were unclear in the report, though it suggested Bettman could take away Barrie's managerial rights.

Barrie and Oren Koules bought the Lightning last year but have been arguing of late about what direction the team should take.

Koules reportedly wants to cut salaries, while Barrie wants to spend more to keep the Lightning competitive.

In June, the two owners met with Bettman to try to resolve their differences.

The 2004 Stanley Cup champions have seen their on-ice performance diminish since winning the championship.

With files from The Canadian Press