The Post and FOX both fly under the same News Corp. flag and the stories are practically identical.
I found these points to be most interesting:
They have the second-highest point total in the Eastern Conference, behind just the Rangers, and appear well on their way to post-season play.
But the amount of money Vanderbeek needs in order to fully rescue him from his quagmire is more than the team would ring up — even if it went deep into the playoffs, sources said.
So much for a deep playoff run raising the money needed.
The Devils have seemed close to a financing solution before.
Vanderbeek, in November, working with Goldman Sachs, tried to raise $80 million by securitizing the Devils long-term TV deal with the MSG Network.
However, it failed.
Previously, the company that co-owns the team, Brick City, offered to pay creditors $24.5 million in exchange for giving up its 47 percent ownership to Vanderbeek, and being freed from having to fund losses.
That, too, was iced.
We had heard about these efforts before, but this is the first I've seen that they've failed. Maybe I just wasn't paying close enough attention, though.
Anyway, I wonder if the Wendy's guy is the financier of this strings-attached bailout?