Thursday, August 8, 2013

Sounds like the NHL is going to have to take over the New Jersey Devils

One good thing to come of this, once Jeff Vanderbeek, one of the owner architects of the lockout is gone Johnny can go back to going to games at the Prudential Center and writing about the Devils.

Yes yes, a couple days off of divesting themselves of running the Phoenix Coyotes it looks as though Gary Bettman and his merry band of elves my have to take control of the Devils:

The report says the Devils' debt is at $230 million and team owner Jeff Vanderbeek missed the first payment on a recently restructured bank loan. In June, Vanderbeek was in talks with an investment group led by attorney Andrew Barroway to sell the team. Forbes reported that Barroway recently withdrew his offer after seeing the team's books.

Ta da! Guess the lockout didn't save you there Jeffy. All it did was help your losses accumulate faster and now, well, it's over. The NHL is saying that unlike the Coyotes they do not want the Devils franchise to go the bankruptcy route. So either a new owner is found, pronto, or the NHL will own another team. But the Devila are in the Metropolitan Division which with a sassy name like that will help bring interested buyers running.

No comments: