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Report- A Hockey Man Interested In The Devils

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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Filed in: NHL Teams, New Jersey Devils, | KK Hockey | Permalink
  Tags: nelson+peltz

Comments

Evilpens's avatar

The Problem is Godfather Lou, Not the current Jock Sniffing owner, As long as Lou is in control the Devils will continue to strangle Hockey & Fans won’t go to watch that crap

Posted by Evilpens on 11/22/11 at 12:46 PM ET

Avatar

Get over it. Lou has been a hell of a manager and has based the teams construction on the talent they have. Devils are hardly strangling hockey this year and have put out great teams in the past (2000/01, for example). If you have Stevens, Niedermeyer, and Brodeur, that’s a pretty good basis for a team with a defensive identity.

As far as his efforts building a fan base, their marketing has left a lot to be desired over the years and the franchise is pretty tone-deaf to PR. The Devils dating back to MacMullen’s earlier years are definitely to be commended for grassroots efforts building hockey in NJ. For the franchise, it is a very competitive market with the Flyers and Rangers close by, and certainly will continue to be. The on-ice product for the last 20 years though has been an enormous success by W’s L’s and fan satisfaction. If they do not re-energize the fan base with some deep playoff runs in the next 5-10 years certainly it will be a more uncertain future.

Posted by Dave on 11/22/11 at 04:42 PM ET

Evilpens's avatar

hahahahaha Right davey !

Posted by Evilpens on 11/22/11 at 04:59 PM ET

SYF's avatar

Heh.  And the Yotes still don’t have an owner.

Posted by SYF from the team that re-signed KFQ and DFC by KFH on 11/22/11 at 05:32 PM ET

Primis's avatar

The NJD are 26th (out of 30)  in the league in attendance at a paltry 14,070/game.  That’s below 80% capacity.

Here are some of the team currently outdrawing them on the year:

Nashville
Florida
Carolina
Winnipeg

Maybe it’s high time they get the Devils and Islanders both the heck out of that “market”.  Move one of them to Hartford, the other one to Quebec City, and be done with it already so they can blow the heck out of the league with true, massive realignment.

If this guy pans on buying and keeping the team in Jersey…. yeah have fun with that.  We’ll hear his name again in 3-4 years when he’s trying like mad to sell and get out.

Posted by Primis on 11/22/11 at 05:35 PM ET

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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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