It's not unusual for a business to operate with large loans that they constantly roll over every 5 years. With the new CBA that Devils should be pretty profitable and the Arena seems to be doing well for itself too so the loan should get chipped away slowly while being constantly rolled over.
True, but the Devils will never be a enough of a money maker to forever kick the can down the road. Only megateams like Man U can get away with that. One way or another, the Devils will have a new owner in the next couple of years.
Either way though, it's fine with me. Absent an antitrust suit that effectively turns North American hockey into European soccer, the Devils aren't going anywhere. Otherwise, I don't think it'll effect the team personnel-wise at this point.