Triumph Posted February 1, 2011 Share Posted February 1, 2011 Vanderbeek could still be correct in saying "I'm not selling the team" if he's only selling a minority share while remaining the majority shareholder, no? yes, but i'm not sure if he owns that much more of the team than 51%. we know lou owns somewhere between 5 and 15 percent and gilfillan is a minority shareholder. Quote Link to comment Share on other sites More sharing options...
maxpower Posted February 1, 2011 Share Posted February 1, 2011 I'm not even sure he owns 50% of the team. in house sales don't really need to be announced, no? Quote Link to comment Share on other sites More sharing options...
NJDEVS1730 Posted February 1, 2011 Share Posted February 1, 2011 anyone know if the weather is going to be terrible tonight? trying to decide if i should go or not Lots of Icy-Rain/Snow......free ice scraper! Quote Link to comment Share on other sites More sharing options...
MantaRay Posted February 1, 2011 Share Posted February 1, 2011 Lots of Icy-Rain/Snow......free ice scraper! The St. Louis game has already been cancelled for tonight. Quote Link to comment Share on other sites More sharing options...
NJDevs4978 Posted February 1, 2011 Share Posted February 1, 2011 anyone know if the weather is going to be terrible tonight? trying to decide if i should go or not You should ask in the game thread, that's the more appropriate one for this type of question. That said, I don't think the icy rain's supposed to start again till after ten, at least in north Jersey but who knows anymore The St. Louis game has already been cancelled for tonight. Wow...well at least their players won't be sleeping in their cars tonight Quote Link to comment Share on other sites More sharing options...
NJDEVS1730 Posted February 1, 2011 Share Posted February 1, 2011 The St. Louis game has already been cancelled for tonight. Yea, I saw that. I don't see the game being canceled...but I can see a low attendance, and free tix to another game. Quote Link to comment Share on other sites More sharing options...
njdevil26 Posted February 1, 2011 Share Posted February 1, 2011 According to TG the Devils are going to release a statement refuting the rumor. Quote Link to comment Share on other sites More sharing options...
Triumph Posted February 1, 2011 Share Posted February 1, 2011 well, the statement didn't refute the rumor very well: ""As Managing Member of the New Jersey Devils, it is not my desire to sell the team. My partner, Brick City, and I have different visions for the franchise. While Brick City has a right, under our partnership agreement, to explore a sale and Moag and Co. has been retained to assist in these effort, I anticipate maintaining a controlling interest." Quote Link to comment Share on other sites More sharing options...
section 110 Posted February 1, 2011 Share Posted February 1, 2011 This clearly means that Gilfillan wants to sell his share of the team and there's a rift in the partnership between VBK and Gilfillan. Gilfillan is Brick City. Here's his linkedin profile: http://www.linkedin.com/pub/mike-gilfillan/6/825/b16 Quote Link to comment Share on other sites More sharing options...
maxpower Posted February 1, 2011 Share Posted February 1, 2011 Gilfillan is selling. that's interesting. Quote Link to comment Share on other sites More sharing options...
Triumph Posted February 1, 2011 Share Posted February 1, 2011 I guess it could just be business-speak, but the fact that he says that it's not his desire to sell and that he doesn't anticipate not maintaining a controlling interest seems to suggest the entire process isn't in his control. Quote Link to comment Share on other sites More sharing options...
NJDEVS1730 Posted February 1, 2011 Share Posted February 1, 2011 well, the statement didn't refute the rumor very well: ""As Managing Member of the New Jersey Devils, it is not my desire to sell the team. My partner, Brick City, and I have different visions for the franchise. While Brick City has a right, under our partnership agreement, to explore a sale and Moag and Co. has been retained to assist in these effort, I anticipate maintaining a controlling interest." Where is the statement from? I can't find it lol Quote Link to comment Share on other sites More sharing options...
NJDevs4978 Posted February 1, 2011 Share Posted February 1, 2011 I guess it could just be business-speak, but the fact that he says that it's not his desire to sell and that he doesn't anticipate not maintaining a controlling interest seems to suggest the entire process isn't in his control. Yeah I suppose it's possible he owns 50% or fewer of the team, you can own less than 50% and still be the majority owner. TG for what it's worth says he owns 50% so I guess it's theoretically possible all the minority owners could sell to one person or corporation and create a partnership. Quote Link to comment Share on other sites More sharing options...
section 110 Posted February 1, 2011 Share Posted February 1, 2011 I guess it could just be business-speak, but the fact that he says that it's not his desire to sell and that he doesn't anticipate not maintaining a controlling interest seems to suggest the entire process isn't in his control. True. To parse the VBK statement, it's Brick City's right to explore a sale - it didn't say it's BC's right to explore a sale of Brick City's interest in the team. It's surely more complicated than we know. Quote Link to comment Share on other sites More sharing options...
maxpower Posted February 1, 2011 Share Posted February 1, 2011 I guess it could just be business-speak, but the fact that he says that it's not his desire to sell and that he doesn't anticipate not maintaining a controlling interest seems to suggest the entire process isn't in his control. he doesn't have a 51% majority, I guess. it's also possible some nutball could run in and offer $300M for the team, in which case he'd be stupid not to sell, especially since he could grift them using the arena Quote Link to comment Share on other sites More sharing options...
justdo3043 Posted February 1, 2011 Share Posted February 1, 2011 never eating at that place before the game again Quote Link to comment Share on other sites More sharing options...
MadDog2020 Posted February 1, 2011 Share Posted February 1, 2011 never eating at that place before the game again Different Brick City. Not the restaurant. Quote Link to comment Share on other sites More sharing options...
NJDEVS1730 Posted February 1, 2011 Share Posted February 1, 2011 Different Brick City. Not the restaurant. Lmao! Quote Link to comment Share on other sites More sharing options...
thelastonealive Posted February 2, 2011 Share Posted February 2, 2011 That has got to be the worst signature in the history of this board... Quote Link to comment Share on other sites More sharing options...
sirjohn Posted February 2, 2011 Share Posted February 2, 2011 They should have sold prior to moving to Newark. Who would buy them now? I'd love to see how much they've been losing since moving, and it will get even worse now the novelty of a new arena has worn off. Quote Link to comment Share on other sites More sharing options...
Marv4Life Posted February 2, 2011 Share Posted February 2, 2011 (edited) They should have sold prior to moving to Newark. Who would buy them now? I'd love to see how much they've been losing since moving, and it will get even worse now the novelty of a new arena has worn off. You forget that while the team on the ice is losing money(most teams are), the organization itself isn't. Dolan, the Nets, and the place ranked 24th in the world in revenue helps them. Edited February 2, 2011 by Marv4Life Quote Link to comment Share on other sites More sharing options...
maxpower Posted February 2, 2011 Share Posted February 2, 2011 They should have sold prior to moving to Newark. Who would buy them now? I'd love to see how much they've been losing since moving, and it will get even worse now the novelty of a new arena has worn off. what in the world are you talking about. do you even know their difference in value between those two eras? who the fvck would buy them before the building? they were worth about $20, like the Isles are now. Quote Link to comment Share on other sites More sharing options...
DevilNurn Posted February 2, 2011 Share Posted February 2, 2011 After all day working hard and not looking at the forum I'm actually glad I missed some of this. I'm waiting for some clarity on what is really happening, but I'm just really happy it's not as catastrophic as was thought earlier. Quote Link to comment Share on other sites More sharing options...
nmigliore Posted February 2, 2011 Share Posted February 2, 2011 That has got to be the worst signature in the history of this board... Its really disgusting. Like someone else mentioned, I don't know how that hasn't been removed yet. Quote Link to comment Share on other sites More sharing options...
DevilMinder Posted February 2, 2011 Share Posted February 2, 2011 Its really disgusting. Like someone else mentioned, I don't know how that hasn't been removed yet. I had my signature block on and didn't see it. Sorry guys, its been removed. Quote Link to comment Share on other sites More sharing options...
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