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Report: Investors Negotiating Stake In Devils

Yesterday, we passed along a report from the New York Post that the New Jersey Devils were back in financial choppy waters.

Today, the Post has an update on the situation, including news that a couple of familiar names may be ready to invest in the club:

The deal under discussion with ex-Tampa Bay Lightning owner Oren Koules and former pro hockey player Brian Lawton would allow the pair to take eventual ownership of the cash-strapped franchise if they cover losses beyond a certain point, according to sources.

A deal is not far off, one source said.

However, current Devils owner Jeff Vanderbeek could remain in charge if he turns around the teams finances in the next few years, a source said.

Source: Jason Brough, NBC Sports Pro hockey Talk



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