Kukla's Korner Hockey
by Paul on 11/22/11 at 07:30 AM ET
from Josh Kosman of the NY Post,
Billionaire investor and hockey enthusiast Nelson Peltz is weighing a plan to buy the $250 million in debt of the troubled New Jersey Devils, a source close to the situation told The Post.
The plan being discussed by Peltz, whose Triarc Companies owns Wendy’s, includes lining up an equity investor to buy the money-losing NHL team should the current team owners fail in their talks with lenders to restructure the debt, according to one person who has spoken with Peltz about the plan in recent weeks….
Peltz may be the richest New York hockey fan.
The 69-year-old trained his sons hard on hockey. He has an enclosed ice rink in his Bedford, NY, estate, along with a Zamboni machine. In a 2007 interview, Peltz said that for his kids it was “gym, ice and homework.”
If Peltz’s debt plan succeeds, he would like to announce a deal during the Jan. 28-29 All-Star weekend, the source close to the situation said.
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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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