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.”
Tags: New Jersey Devils