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...