Is There Financial Stability in the New Jersey Devils Future?
There may finally be some good news for the financially strapped New Jersey Devils and their owner Jeff Vanderbeek. According to a story from the New York Post, an unnamed investor may swoop in to bail out the embattled owner and his franchise.
From the Post…..“The Devils are “very close” to a deal in which a new investor will pay down the company’s $80 million in overdue debt and give Vanderbeek until the start of next season to raise new capital.”
The news comes as the Devils continue their rapid ascension in the Eastern Conference standings in search of a return trip to the Stanley cup playoffs. New Jersey is 8-1-1 since the All-Star break and currently sit fourth in the East standings.
A top-four finish guarantees the club at least one playoff round with home ice advantage. That could mean up to a possible four games of addition revenue. More money is never a bad thing.
I have mentioned this several times recently – I truly believe this team has a similar feel to the 2003 Stanley Cup winning team. If this report is accurate than all the stars might be aligning at just the right time for another memorable postseason run.
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