Devils Complete Team Refinancing

NEW YORK — As the lockout lingers, some fans received good news when New Jersey Devils owner Jeff Vanderbeek announced Thursday that the team has resolved its uncertain financial situation.

According to a statement from Vanderbeek, the Devils have completed the refinancing of the team’s debt and Vanderbeek has now assumed sole ownership of the club.

The Devils have been flirting with bankruptcy for some time and there were questions whether Vanderbeek could retain ownership of the club.

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