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.