95Crash Posted July 25, 2013 Share Posted July 25, 2013 Surprised with the Vanderbeek hate. He risked his personal finances to keep the Devils in NJ. Hope my hometown has someone like that when our OHL team comes up for sale. I'm very appreciative for all that Vanderbeek's done for this organization. Getting the Devs into the Rock was huge. 1 Quote Link to comment Share on other sites More sharing options...
Chuck the Duck Posted July 25, 2013 Share Posted July 25, 2013 I really like JVB. The guy is a fan, first and foremost, and put a lot on the line to get the Rock built and ensure this team remains in NJ for the foreseeable future. He also helped with fan relations during his tenure, and made being a STH a worthwhile venture (its still not perfect, but its better). He should be commended for that. However, it is clear he is not in the financial position to be the sole owner going forward. It is time for a change in ownership to stabilize the teams financials. I just hope this consortium of lawyers are viable owners. Quote Link to comment Share on other sites More sharing options...
Zubie#8 Posted July 25, 2013 Share Posted July 25, 2013 The hate for JVB is out of control, he did a lot for this Franchise as the post above said. He is a good guy but is pockets are not deep enough. Quote Link to comment Share on other sites More sharing options...
Muevelos Posted July 25, 2013 Share Posted July 25, 2013 As everyone has stated. So how about JV being a minority owner? Quote Link to comment Share on other sites More sharing options...
sundstrom Posted July 25, 2013 Share Posted July 25, 2013 Surprised with the Vanderbeek hate. He risked his personal finances to keep the Devils in NJ. Hope my hometown has someone like that when our OHL team comes up for sale. In the end, JVB did more good than bad. But the personal $ he put up was mostly leveraged lehman options that lost a great deal of their value when he took out te big loans to buy the team. His true liquid position was never that great - certainly not what you would expect of a franchise owner. It also doesn't help that he's always taken a huge "management fee" as a salary that is on the devils books keeping them in the red. Owners taking a salary is fairly common but from what I've heard, never to the extent that JVB did. Quote Link to comment Share on other sites More sharing options...
devlman Posted July 25, 2013 Share Posted July 25, 2013 If Vanderbeek is bouncing player checks, he's got to be gone sometime soon. It was reported in late June, Lou's saying it - seems like it is going to happen. Also re trading Kovalchuk - even if they had managed to do that, I cannot see how that would leave NJ in better shape than they're in now. It's quite simple. Teams swap assets in a trade. Quote Link to comment Share on other sites More sharing options...
grcenter47 Posted July 25, 2013 Share Posted July 25, 2013 We need to get an owner like Mikhail Prokhorov or the Abu Dhabi Ruling Family who owns Manchester City haha Quote Link to comment Share on other sites More sharing options...
MadDog2020 Posted July 25, 2013 Share Posted July 25, 2013 Surprised with the Vanderbeek hate. He risked his personal finances to keep the Devils in NJ. Hope my hometown has someone like that when our OHL team comes up for sale. I'm very appreciative for all that Vanderbeek's done for this organization. Getting the Devs into the Rock was huge. As am I. Love Vanderbeek, I wish he could stick around. It's an unfortunate situation. I'll always appreciate the risks he took in order to make sure the team stayed in Jersey. Quote Link to comment Share on other sites More sharing options...
LucifersDog Posted July 25, 2013 Share Posted July 25, 2013 It is time for a change. Quote Link to comment Share on other sites More sharing options...
Devlin Posted July 25, 2013 Share Posted July 25, 2013 It is time for a change. Agreed, time for change and a reorganization...I just wanted to point out that hating the guy who took the franchise to a another level was a bit surprising. I'm not saying you...just some posts I've seen lately. Sent from my Galaxy TAB using Tapatalk 2 Quote Link to comment Share on other sites More sharing options...
MantaRay Posted July 25, 2013 Share Posted July 25, 2013 I appreciated the efforts of JVB. The Rock was his doing. I just hope we can find someone, who is a hockey person with the wealth to put an end to the bankrupcy nonsense. Quote Link to comment Share on other sites More sharing options...
Devilsfan118 Posted July 25, 2013 Share Posted July 25, 2013 It also doesn't help that he's always taken a huge "management fee" as a salary that is on the devils books keeping them in the red. Owners taking a salary is fairly common but from what I've heard, never to the extent that JVB did. Do you have a source/figure for this claim? Not doubting you, just curious. Had no idea he was taking a large salary. Quote Link to comment Share on other sites More sharing options...
GoArmySports Posted July 25, 2013 Share Posted July 25, 2013 Do you have a source/figure for this claim? Not doubting you, just curious. Had no idea he was taking a large salary. I remember reading this a few years back how he took a huge chunk when compared to other NHL owners but I don't remember how reliable the source was. Quote Link to comment Share on other sites More sharing options...
sundstrom Posted July 25, 2013 Share Posted July 25, 2013 Do you have a source/figure for this claim? Not doubting you, just curious. Had no idea he was taking a large salary. No written sources but certainly from people in the know. Let's put it this way, it's not some girl who saw ferris pass out at 31 flavors last night. Former lehman guys. Connections to the team, etc. 1 Quote Link to comment Share on other sites More sharing options...
LucifersDog Posted July 25, 2013 Share Posted July 25, 2013 (edited) Agreed, time for change and a reorganization...I just wanted to point out that hating the guy who took the franchise to a another level was a bit surprising. I'm not saying you...just some posts I've seen lately. Sent from my Galaxy TAB using Tapatalk 2 Not trying to argue but what increased level did Vanderbeek take the devils hockey team to? I don't think they won a cup with him as owner? I think they missed the playoffs 2 years he was owner? I think they bounced out in round one with him as owner? He gets credit for not letting the team leave NJ. I never thought the team was going to leave NJ, that was all posturing. We did get the ROCK with him as owner but as much credit or more goes to the City of Newark. When an arena needs both an NBA and NHL to be financially sound how did he let the Nets go to Brooklyn on his watch? Just saying so it isn't hate just the reality that he was just OK. He was a big and I assume still is a Devils fan. He had money and saw a way to make more money but his world crumbled. Edited July 25, 2013 by LucifersDog Quote Link to comment Share on other sites More sharing options...
DevsMan84 Posted July 25, 2013 Share Posted July 25, 2013 Not trying to argue but what increased level did Vanderbeek take the devils hockey team to? I don't think they won a cup with him as owner? I think they missed the playoffs 2 years he was owner? I think they bounced out in round one with him as owner? He gets credit for not letting the team leave NJ. I never thought the team was going to leave NJ, that was all posturing. We did get the ROCK with him as owner but as much credit or more goes to the City of Newark. When an arena needs both an NBA and NHL to be financially sound how did he let the Nets go to Brooklyn on his watch? Just saying so it isn't hate just the reality that he was just OK. He was a big and I assume still is a Devils fan. He had money and saw a way to make more money but his world crumbled. Just curious, since JVB doesn't own the Nets, what could he have done? Quote Link to comment Share on other sites More sharing options...
Colorado Rockies 1976 Posted July 25, 2013 Share Posted July 25, 2013 Just curious, since JVB doesn't own the Nets, what could he have done? Don't feed the troll. Quote Link to comment Share on other sites More sharing options...
Colin226 Posted July 25, 2013 Share Posted July 25, 2013 Just curious, since JVB doesn't own the Nets, what could he have done? There's nothing he could have done.. The Nets were already set to go to Brooklyn before they agreed to play at the Rock.. And to that point, Jeff was great in making the deal with NJSEA to even get 2 seasons of Nets basketball in his building Quote Link to comment Share on other sites More sharing options...
DevsMan84 Posted July 25, 2013 Share Posted July 25, 2013 Don't feed the troll. Oh I am totally expecting a far-fetched and completely illogical answer. Quote Link to comment Share on other sites More sharing options...
Chuck the Duck Posted July 25, 2013 Share Posted July 25, 2013 There's nothing he could have done.. The Nets were already set to go to Brooklyn before they agreed to play at the Rock.. And to that point, Jeff was great in making the deal with NJSEA to even get 2 seasons of Nets basketball in his building Once the Nets were sold to Ratner, there was nothing that JVB could do to stop them from moving to Brooklyn. His only hope was that the opposition to the Barlcay's arena project would somehow win in court and stop the project from moving forward based upon their challenge to the ridiculous "eminent domain"/"blighted area" decision (how a government can take your private property to turn it over to another private owner, is beyond me). Once they lost, the Nets were goners. Oh I am totally expecting a far-fetched and completely illogical answer. Logic, reason and LD are not words that you will ever see together in the same sentence. Quote Link to comment Share on other sites More sharing options...
DevsMan84 Posted July 25, 2013 Share Posted July 25, 2013 Once the Nets were sold to Ratner, there was nothing that JVB could do to stop them from moving to Brooklyn. His only hope was that the opposition to the Barlcay's arena project would somehow win in court and stop the project from moving forward based upon their challenge to the ridiculous "eminent domain"/"blighted area" decision (how a government can take your private property to turn it over to another private owner, is beyond me). Once they lost, the Nets were goners. You forgot to point out the fact the owner gets compensated fair market value, so I am not really crying for those people. There are entire cities where I wish they were siezed via eminent domain. Quote Link to comment Share on other sites More sharing options...
ThreeCups Posted July 25, 2013 Share Posted July 25, 2013 No written sources but certainly from people in the know. Let's put it this way, it's not some girl who saw ferris pass out at 31 flavors last night. Former lehman guys. Connections to the team, etc. CLASSIC Quote Link to comment Share on other sites More sharing options...
Triumph Posted July 25, 2013 Share Posted July 25, 2013 It's quite simple. Teams swap assets in a trade. And you think Kovalchuk is an asset with 12 years left on his deal coming off a year where he had the lowest scoring rate of his career and suffered an injury (this after being injured in the playoffs the year before). Quote Link to comment Share on other sites More sharing options...
DH26 Posted July 25, 2013 Share Posted July 25, 2013 And you think Kovalchuk is an asset with 12 years left on his deal coming off a year where he had the lowest scoring rate of his career and suffered an injury (this after being injured in the playoffs the year before). It's the Luongo situation all over again. There aren't gonna be any "hockey" trades out there. You dump him for a 7th rounder at most so it's essentially the same. Gillis tried to trade Luongo for a solid asset like Bjugstad but other teams said no dice. Same thing would happen w/ Kovy Quote Link to comment Share on other sites More sharing options...
ATLL765 Posted July 25, 2013 Share Posted July 25, 2013 If Vanderbeek is bouncing player checks, he's got to be gone sometime soon. It was reported in late June, Lou's saying it - seems like it is going to happen. Also re trading Kovalchuk - even if they had managed to do that, I cannot see how that would leave NJ in better shape than they're in now. I assumed the cap recapture penalty would then, for the most part, fall to the team that acquires him. Is that not the case? I just figured it works where the team that gets the benefit, gets the penalty. A trade, while it may not have helped us this instant, could definitely have given us a 1st rd pick in the next draft. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.