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Report- Familiar Names As Possible Investors For The Devils

from Josh Kosman and Larry Brooks of the New York Post,

The New Jersey Devils must have a guardian angel.

The National Hockey League is in talks with two investors about taking a minority stake in the money-losing team, The Post has learned.

The deal under discussion with ex-Tampa Bay Lightning owner Oren Koules and former pro hockey player Brian Lawton would allow the pair to take eventual ownership of the cash-strapped franchise if they cover losses beyond a certain point, according to sources.

“A deal is not far off,” one source said.


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


Hootinani's avatar

Yes, give one of the most competitive teams in the NHL to a group that did nothing but battle each other and turned Tampa Bay into a laughing stock.  Bang up job you’re doing there, Bettman.

Posted by Hootinani from the parade following Babs out of town on 06/18/13 at 08:32 AM ET

shanetx's avatar

Maybe Boots Del Biaggo is interested, too?

Posted by shanetx from Floydada, Texas on 06/18/13 at 09:46 AM ET

Primis's avatar

That can’t be serious.

Posted by Primis on 06/18/13 at 10:06 AM ET

Primis's avatar

My favorite part of this is the “guardian angel”.  These guys in NY really DON"T know hockey at all, do they?  Because nobody in their right mind should be able to hear those two names together and do anything but cringe, wince, and scream “UNCLEAN!  UNCLEAN!”.

Just move the Devils west already.

Posted by Primis on 06/18/13 at 10:08 AM ET

henrymalredo's avatar

The NHL is probably the worst league when it comes to scrutinizing potential owners.  They flirted with Boots Del Baggio for a long time, Craig Leopold bailed on Nashville and then ended up with Minnesota (and is part of Bettman’s inner circle no less) and now these jokers that ran Tampa Bay into the ground will be allowed back.

Posted by henrymalredo from Lansing on 06/18/13 at 11:00 AM ET

Down River Dan's avatar

If Gary is going to do his “due diligence ” ...lets not rule out the Rigas Family as potential suitors?

I hear they are up for parol in a few years…...

Posted by Down River Dan on 06/18/13 at 11:45 AM ET


This will end well.

Posted by bsalamon on 06/18/13 at 12:02 PM ET


Probably bears pointing out that Barry, not Koules or Lawton, was primarily responsible for the clown show in Tampa. Once Barry was blocked from the decision-making process by Bettman, the embarrassing signings and trades stopped. And even before that, Koules used his vote to veto a deal Barry had cut with the Rangers to send Stamkos there for someone ridiculous that I don’t recall (it was like Drury and Prucha or something). Barry, for his part, once used a veto to stop a Lawton trade that would have seen Subban, Pacioretty, Gorges and a first flipped for the Lecavalier albatross contract.

That said Koules did make one moronic decision to hire Barry Melrose out of the broadcast booth.

Posted by larry on 06/18/13 at 12:16 PM ET

SYF's avatar

While the NHL’s busting YouTube users for uploading NHL content in their vids, their miraculously dumb cabal of “due diligence” lawyers still can’t figure out who has skeletons in their financial backgrounds.  Dumbest commish ever.

Posted by SYF from Twerkin' with Anastasia Ashley on 06/18/13 at 12:33 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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