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Under Eugene Melnyk, Senators have lost $94 million

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#21 DJ Eco

DJ Eco

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Posted 20 August 2013 - 10:19 AM

You maybe correct and I am not defending them but:


They did report that Vanderbeek was broke

They did report that Vanderbeek had missed a loan payment

They did report that the NHL had advanced the Devils and loan them money to meet expenses

They did report that outside sources had loan Vanderbeek money to meet the payroll and expenses.

They did report the NHL was going to take over the Devils while that was denied by the NHL after all is said and done it appears that would have been the only choice left if there wasn't a buyer for the Devils. 


Just saying



Has any of that been confirmed? Missed loan payment was never confirmed by anyone outside of Forbes/Post. The advance the Devils were given by the NHL was never reported correctly. It was an advance, and not confirmed to be a loan (outside of Forbes/Post). And it was never ever stated or confirmed by anyone that the NHL intended to take over the Devils. On the contrary, there was a bidding war for at least the past month between the attorney's group and the Harris group. Before that, the attorney's group was in place to purchase the team (which Lou and the NHL were abreast of); NHL would not intend to take over the team under any of those circumstances. The attorney's "loan" was really just a down payment of intent to purchase and only to be paid back if Vanderbeek somehow found the resources to keep the team, which was obviously not the case.


The fact that you think any of that Forbes/Post garbage is fact is why those articles are so dangerous. Literally everything can be explained away when you realize that someone was in place to purchase the organization for probably at least the past 4-5 months.

Edited by DJ Eco, 20 August 2013 - 10:20 AM.

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