Devils At Risk Of Defaulting On Loan
Well, according to the New York Post, theyre not.
The teams 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.
If the report is accurate, its not clear if its just a short-term cash-flow issue or evidence of a larger problem for owner Jeff Vanderbeek.
The NHL, according to the Post, said the story was inaccurate but declined to give specifics.