Kukla's Korner Hockey
by Paul on 06/20/13 at 07:00 AM ET
from Mike Ozanian of Forbes,
What now for Vanderbeek? The Devils did not respond to an inquiry yesterday afternoon. The NHL, who also did not respond to my inquiry yesterday, has loaned the Devils more than $15 million. But the league’s consent letter states that the banks can’t file the team until 30 days after the last game is played–which will be no later than Wednesday evening.
It is possible the Devils could be sold through a prepackaged bankruptcy sale like the Dallas Stars in 2011. If that were to happen bankers say the team and lease to the Prudential center would likely be sold for under $200 million.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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