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Report- New Jersey Devils Still In A Financial Mess

from Josh Kosman of the NY Post,

The New Jersey Devils are again skating on very thin financial ice, The Post has learned.

The team’s cash-strapped owner, less than six months after restructuring its debt, has missed an interest payment and now risks defaulting on its new loan, a source with direct knowledge of the situation said.

The latest financial blow-up at Devils Arena Entertainment — a missed interest payment in April of nearly $3 million — has surprised those close to the once-proud NHL franchise.

“How can you do a restructuring Dec. 31 and default in April?” the source said. “It’s astounding.”

continued

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

Comments

Primis's avatar

Said all along that NJ was one of 2 prime candidates in the East to move West to regain a 15-15 balance.  Columbus is the other.

Posted by Primis on 06/17/13 at 09:46 AM ET

SYF's avatar

Pitiful…

Posted by SYF from Alana Blanchard's Bikinis and Surfboards on 06/17/13 at 11:53 AM ET

Flashtastick56's avatar

So…this means that Devils fans are the worst fans in the history of everything, right?

Posted by Flashtastick56 from Meriden, CT on 06/17/13 at 12:11 PM ET

redxblack's avatar

The NJ Devils, who used to be the Colorado Rockies, who used to be the Kansas City Scouts… Perhaps the next stop will be Seattle?

Posted by redxblack from Akron Ohio on 06/17/13 at 12:14 PM ET

Evilpens's avatar

[So…this means that Devils fans are the worst fans in the history of everything, right?/strong] as all the Cool Kids say OH BURN! LOL

Posted by Evilpens on 06/17/13 at 02:44 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.

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.

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