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The New Jersey Devils are a mess. Sure, they just made the Stanley
Cup Final, but success on the ice does not a good franchise make.
According to the New York Post, the Devils are nearly $80 million in debt and the NHL is on the verge of taking over the team from owner Jeff Vanderbeek.
NHL
Commissioner Gary Bettman is preparing to take control of the
money-losing hockey franchise in the event Vanderbeek fails to refinance
the Devils’ debt before a looming Aug. 14 deadline, The Post has
learned.
In recent days, the
commissioner’s office has told potential suitors to be ready in case he
moves on the team and pushes Vanderbeek aside, a source close to the
situation said.
Vanderbeek is attempting to sell a stake in the
franchise as well as refinance the unpaid loans. August 14th is D-Day
for the franchise, but Bettman is expected to move earlier in the
summer.
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