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The Devils Minority partners are looking to sell their share.


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#61 Joe B

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Posted 01 February 2011 - 02:45 PM

only becasue of the Mets situation am I asking but did VBK lose anything with Madoff?

He could just have a cash flow problem and need a minority owner for liquidity.


(edit, I know about lehman brother going bankrupt, i'm just wondering about madoff in addition to LEH)

Edited by Joe B, 01 February 2011 - 02:49 PM.

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#62 NewarkDevil5

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Posted 01 February 2011 - 02:47 PM

I wonder if Ray Chambers is still feeling froggy at this point in his life to go it again as a sports owner.
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#63 imissricher

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Posted 01 February 2011 - 02:48 PM

just saw this outside the prudential center...wow, things happen fast!

http://bit.ly/eZK19n
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#64 nyrsuck26

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Posted 01 February 2011 - 02:50 PM

ugh..
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#65 Daniel

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Posted 01 February 2011 - 02:50 PM

..que the Donald Trump rumors. :whistling:

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I wouldn't hire this guy to run a lemonade stand.
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#66 SS#4-Life

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Posted 01 February 2011 - 02:50 PM

completely bummed out over this
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#67 justdo3043

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Posted 01 February 2011 - 02:51 PM

only becasue of the Mets situation am I asking but did VBK lose anything with Madoff?

He could just have a cash flow problem and need a minority owner for liquidity.


to say the least....would think ex employees at lehman would have lost a significant amount in options and stock related equity at least
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#68 newarkdev01

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Posted 01 February 2011 - 02:53 PM

I guess I truly am in the minority in feeling more curiosity than panic about this news. I like JVB and his involvement with the team, but I have heard lots of people imply he got hurt by the Lehman collapse and I may be greedy but I want a mega rich owner (read : Billionaire). I still dream of a all Jersey combo of baseball, Hockey, basketball and football all with their own cable network (okay so I'm delusional as well).
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#69 twillms73

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Posted 01 February 2011 - 02:54 PM

I wouldn't be shocked if JVB were selling a piece of the team, much like the Wilpon's and the Mets. Knowing JVB, if it is a full sale, he'd stipulate the team staying in NJ for X number of years. Saying that, I think Bettman and the NHL would LOVE to move the Devils. Remember 1995? It seemed like they were all for the move. I'm going to go with TG on this and I'm sure it's not what we think.

Just think, in 1995, they threatened to move, they won the cup. In 2000, The sale from JM to YankeeNets, won the cup. It's nice to dream.
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#70 maxpower

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Posted 01 February 2011 - 03:02 PM

why would you panic. anyone that thinks they're moving is out to lunch.
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#71 CarpathianForest

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Posted 01 February 2011 - 03:03 PM

Acc to Forbes, the team is worth approx $218 million.


Let me see if I got that in my wallet...nope...only got 100mil. sorry.

I hear Redman, Method Man and JayZ are going to buy the team.
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#72 maxpower

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Posted 01 February 2011 - 03:04 PM

Okay, the team isnt' being moved, at least half it's value is the arena that then own. If anyone was to buy they woudl want that asset which is where the money is made from these teams. How many billionaires do we have in NJ to pick from?


the arena wouldn't be sold. hell, the team might not be for sale. there is more than one owner, you know.
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#73 NJDEVS1730

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Posted 01 February 2011 - 03:06 PM

The Devils will be fine. Chris Christie will make sure of that...


Lmao. We'll be fine, I'm sure the new owner (whoever he may be) has been in a losing situation before.
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#74 Zubie#8

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Posted 01 February 2011 - 03:06 PM

Sabres just annouced that they are selling the team with "closing conditions", so im sure VBK will make his conditions that the devils will not move.

Edited by Zubie#8, 01 February 2011 - 03:06 PM.

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#75 DaneykoIsGod

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Posted 01 February 2011 - 03:07 PM

the arena wouldn't be sold. hell, the team might not be for sale. there is more than one owner, you know.


I've actually been trying to verify that very sentiment for the past 10 minutes or so. Everything I can find talks about when Vanderbeek became a limited partner in 2000 and bought the team "outright" in 2004. Can't find anything saying otherwise.
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#76 mmajeski06

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Posted 01 February 2011 - 03:09 PM

why would you panic. anyone that thinks they're moving is out to lunch.


Agree it is highly unlikely they move. But you never know these days.
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#77 CarpathianForest

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Posted 01 February 2011 - 03:09 PM

Yeah, Governor Christie will shut down The Prudential Center then take his kids to DisneyWorld
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#78 devlman

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Posted 01 February 2011 - 03:10 PM

This is horrible news.
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#79 maxpower

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Posted 01 February 2011 - 03:11 PM

Michael Gilfillan is also a significant owner of the team. I'm sure there's other small minority owners too
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#80 devlman

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Posted 01 February 2011 - 03:12 PM

My conspiracy theory is that Bettman is going to use the Devils as a sacrificial lamb to Quebec City, Winnipeg, or Hamilton in order to save his precious southern market teams, by the way.


With the way Bettman regards the Devils I would not be surprised.


But my first reaction is how are we re-signing Parise...and then please dont sell to Prokhorov

Edited by devlman, 01 February 2011 - 03:13 PM.

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