Devils At Risk Of Defaulting On Loan
Well, according to the New York Post, they?re not.
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.
If the report is accurate, it?s not clear if it?s 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.?