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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.

Source: Jason Brough, NBC Sport Pro Hockey Talk



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