Kukla's Korner

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Looking At The Devils Ownership Issues

from David Giambusso and Rich Chere of the Star-Ledger,

Three days after a widely reported deadline to pay back an $80 million loan, Devils owner Jeff Vanderbeek has yet to close a deal with his angel investors.

But the former Lehman Brothers executive still has control of the team that made a lucrative and unlikely run to the Stanley Cup championship in June.

And while neither the Devils nor the NHL would confirm a New York Post report Thursday of an imminent two-year financing deal, the team now finds itself staring at a new complication: a possible league-wide lockout.

On Tuesday, the same day the Devils signed their top draft choice, Stefan Matteau, NHL commissioner Gary Bettman ratcheted up the rhetoric, telling reporters: “The sides are far apart and have different views of the world.”

For the Devils, a lockout could further complicate Vanderbeek’s high-wire act as he tries to maintain control of a team he bought and moved to a new arena in Newark five years ago.


Filed in: NHL Teams, New Jersey Devils, | KK Hockey | Permalink


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About Kukla's Korner Hockey

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.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com