Move 'em to Atlanta

 

Report: Devils miss Sept. 1 loan payment, could face threat of bankruptcy | ProHockeyTalk
Last season was a tough one on the ice for the New Jersey Devils, but [...] things are much rockier on the accounting spreadsheets. Josh Kosman cited an anonymous source who reports that the team missed a $100 million Sept. 1 loan payment, which is a troubling issue because it could push the franchise toward bankruptcy.

Also troubling since $100 million is a very large payment. Maybe they should refinance. 

[...] The source told Kosman that the Devils are "blowing up," which we will assume isn’t slang for "on a roll" in this instance. The report indicates that the Devils’ issues are multifaceted. The first problem is that the team’s ownership is in a state of flux, even if majority owner Jeff Vanderbeek stays in the picture. Co-owner Ray Chambers has been trying to sell his share of the team for about a year but hasn’t had any luck so far. Kosman also writes that Vanderbeek doesn’t have a good relationship with lenders [...].

[...] It all seems like a very messy situation for the Devils.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Jewels From The Crown

You must be a member of Jewels From The Crown to participate.

We have our own Community Guidelines at Jewels From The Crown. You should read them.

Join Jewels From The Crown

You must be a member of Jewels From The Crown to participate.

We have our own Community Guidelines at Jewels From The Crown. You should read them.

Spinner

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9355_tracker