Despite a run to the Stanley Cup Finals, the New Jersey Devils are losing money. Which probably explains their change in stance on opposing teams buying tickets for games in the Prudential Center earlier this season.
Owner Jeff Vanderbeek is reportedly in the final stages of a deal for a majority stake in the team that would help pay some of $77 million in past due debt, but according to the New York Post, Gary Bettman is skeptical of the deal.
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.
While Bettman has said publicly that he expects the Devils’ financial situation to be resolved soon, his behind-the-scenes moves suggest he’s far from confident that a deal will get done.
His skepticism shouldn’t come as a surprise. Since the Devils missed a principal payment in September, Vanderbeek has said several times he was c...