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.”Devils At Risk Of Defaulting On Loan by Sports Talk Florida Rumors
Tags: New Jersey Devils