sportstalkflorida.com News

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.?

Source: Jason Brough, NBC Sport Pro Hockey Talk


our editors