Random Poster Posted November 22, 2011 Share Posted November 22, 2011 (edited) I honestly don't think Bettman would let the Devils leave NJ, as crazy as that sounds. The entire line of thinking that Bettman wants the Devils gone is absurd. I dislike him for other reasons, but this is not even factual or with any merit. It would be a huge black eye for the league if the Devils went anywhere, especially in this market. Bettman knows that. I said all along that i believe the Devils need a corporate run ownership for long term financial stability. While you lose some of the "attachment" an owner like VBK has for the team, it is the best thing for them. If you're worried about them being "flipped" down the road, it's a legit concern, but who would have thought VBK would be in this position if everything is to be taken for face value? Also, it can not be overlooked that the Devils DO play in the NY market. They should never be in danger of moving because of that without even going into the arena/lease. Edited November 22, 2011 by SJP20 Quote Link to comment Share on other sites More sharing options...
Ollie McKraut Posted November 22, 2011 Share Posted November 22, 2011 As long as the new ownership maintains it's commitment to New Jersey in general and Newark in particular, I have no problem at all with this. I'd love to see a Wendy's in the Prudential Center as a concessions option. It'd also open the door to more hockey-related Wendy's promotion in general which helps the league in general and would help the Devils assuming that guys like Ilya Kovalchuk would be involved in those promos. If I saw Ilya Kovalchuk in a Wendy's commercial I'd go nuts. I'd have to tape it, and leave a backup in a bank deposit box. Quote Link to comment Share on other sites More sharing options...
DevsMan84 Posted November 22, 2011 Share Posted November 22, 2011 If I saw Ilya Kovalchuk in a Wendy's commercial I'd go nuts. I'd have to tape it, and leave a backup in a bank deposit box. Or you could save that money that you would have used on the bank deposit box as well as the physical tape and just look it up any time on youtube. Quote Link to comment Share on other sites More sharing options...
sundstrom Posted November 22, 2011 Share Posted November 22, 2011 it was killing me who this guy looked like and then i found it. total "that guy": http://www.imdb.com/name/nm0671721/ Quote Link to comment Share on other sites More sharing options...
Onddeck Posted November 22, 2011 Share Posted November 22, 2011 damn, this is crazy.. hopefully this works out Quote Link to comment Share on other sites More sharing options...
Blown01NJ Posted November 23, 2011 Share Posted November 23, 2011 Wendy's is a New Jersey born company. I doubt this guy would move the team if he bought it. No it isnt. Quote Link to comment Share on other sites More sharing options...
Vic Rattlehead18 Posted November 23, 2011 Share Posted November 23, 2011 This would be a very smart move to buy the Devils. Revenue at wendys will go up. As it just did, because I seriously went out and bought a baconator combo meal for dinner. Quote Link to comment Share on other sites More sharing options...
NewarkDevil5 Posted November 23, 2011 Share Posted November 23, 2011 Y'know the only thing missing from us really competing with the Red Wings is having a fast food chain owner (and yes, I consider Little Ceasars to be a form of fast food). Quote Link to comment Share on other sites More sharing options...
SterioDesign Posted November 23, 2011 Share Posted November 23, 2011 (edited) here's another article about it, since the other one was from the New-York Post... http://www.forbes.com/sites/mikeozanian/2011/11/22/billionaire-peltz-looking-to-snatch-devils-for-pennies-on-the-dollar/ Edited November 23, 2011 by SterioDesign Quote Link to comment Share on other sites More sharing options...
DaneykoIsGod Posted November 23, 2011 Share Posted November 23, 2011 Well, that Forbes article seems to legitimize the Post's piece and kinda makes it seem like it's just a matter of time. Which, of course, begs the obvious question ... will the logo's J trade in its horns for pigtails? 2 Quote Link to comment Share on other sites More sharing options...
sammyk Posted November 23, 2011 Share Posted November 23, 2011 No it isnt. Six hours too late. Quote Link to comment Share on other sites More sharing options...
NewarkDevil5 Posted November 23, 2011 Share Posted November 23, 2011 Six hours too late. You still have that magical touch, Sammy. Quote Link to comment Share on other sites More sharing options...
SterioDesign Posted November 23, 2011 Share Posted November 23, 2011 at this point its our only chance so far that this guy buys the team through bankruptcy and getting the new owner through court really kinda like the Stars did but i'd still like Vanderbeek to be around so i dont know how it could work, but for sure his plan isnt gonna work using advanced money to pay the current bill. So it can only go downhill with just Jeff trying to do everything himself what im wondering now... if this is all true, how fast can it happen? Quote Link to comment Share on other sites More sharing options...
DeVFaN Posted November 23, 2011 Share Posted November 23, 2011 This sounds like really good news for the devils. I would be surprised if this falls through, the banks would probably love to sell the arena debt if they could even get 60c on the dollar (140m vs 250m). He would force JVB out through bankruptcy if not a buyout before then, and our financial troubles would be over (read no more debt to deal with, except newark but thats a much smaller problem). No freakin way Bettman lets JVB get away with securitizing the MSG deal, thats the same crap the dodgers owner tried, it would bleed this franchise dry for years and 87m is a joke of a return to get in exchange. JVB seems really desperate at this point, I can't imagine he'll be able to hold on to the team. To all you guys worried about the Devils moving, no chance, we were #12 in revenues last year, we are in a good market. Our financial problems stem from the arena debt and that is about to be solved. Hopefully this is settled before Parise hits up the open market... Quote Link to comment Share on other sites More sharing options...
devlman Posted November 23, 2011 Share Posted November 23, 2011 Why is our arena debt so high though? The owners only put down around $100 mill. The rest came from Newark. Quote Link to comment Share on other sites More sharing options...
newarkdev01 Posted November 23, 2011 Share Posted November 23, 2011 http://www.forbes.com/sites/mikeozanian/2011/11/22/billionaire-peltz-looking-to-snatch-devils-for-pennies-on-the-dollar/ Dont' know if it was posted but I did a quick search on Peltz and I had no idea his daughter was in the last airbender...so weird Quote Link to comment Share on other sites More sharing options...
newarkdev01 Posted November 23, 2011 Share Posted November 23, 2011 and honestly if you read the articles it actually quite nice for devils fans just not for the faint of heart. Either JVB reworks his debt by basically paying it down as part of a restructure or Mr Billionaire sweeps in and buys. Either way the Devils are not moving, the value of the franchise is in their rights with the arena and their TV contract which are both based on them being here. Quote Link to comment Share on other sites More sharing options...
newarkdev01 Posted November 23, 2011 Share Posted November 23, 2011 This sounds like really good news for the devils. I would be surprised if this falls through, the banks would probably love to sell the arena debt if they could even get 60c on the dollar (140m vs 250m). He would force JVB out through bankruptcy if not a buyout before then, and our financial troubles would be over (read no more debt to deal with, except newark but thats a much smaller problem). No freakin way Bettman lets JVB get away with securitizing the MSG deal, thats the same crap the dodgers owner tried, it would bleed this franchise dry for years and 87m is a joke of a return to get in exchange. JVB seems really desperate at this point, I can't imagine he'll be able to hold on to the team. To all you guys worried about the Devils moving, no chance, we were #12 in revenues last year, we are in a good market. Our financial problems stem from the arena debt and that is about to be solved. Hopefully this is settled before Parise hits up the open market... it's not the same as the dogers deal, In the dogers deal he was trying to pay off his divorce. In this deal JVB uses the TV deal to pay down team debt so that they basically are more stable, it's a situation that everyone would be happier with. Quote Link to comment Share on other sites More sharing options...
Triumph Posted November 23, 2011 Share Posted November 23, 2011 it's not the same as the dogers deal, In the dogers deal he was trying to pay off his divorce. In this deal JVB uses the TV deal to pay down team debt so that they basically are more stable, it's a situation that everyone would be happier with. except that, as the forbes article notes, the league would be unhappy because that's a revenue stream denied a future owner. i don't think it's a good move for the team long-term and hope that the league doesn't allow it. Quote Link to comment Share on other sites More sharing options...
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