thefiestygoat Posted May 10, 2012 Share Posted May 10, 2012 http://www.nypost.com/p/news/business/devils_feeling_heat_nIVGW6G4UyBYpbR6F9zLeO?utm_medium=rss&utm_content=Business Despite the team’s unexpected postseason run to the Eastern Conference finals, owner Jeff Vanderbeek, months after he began looking for a co-owner to help bail him out of an overdue $80 million debt, still hasn’t found that angel investor.And the July 1 deadline is looming ever closer. Beginning on that date, lenders can force the team into default. Quote Link to comment Share on other sites More sharing options...
95Crash Posted May 10, 2012 Share Posted May 10, 2012 Typical NY Post, trying to stir sh!t up. Quote Link to comment Share on other sites More sharing options...
Legion15 Posted May 10, 2012 Share Posted May 10, 2012 is that all they ever report about us anymore, the debt situation? Quote Link to comment Share on other sites More sharing options...
NJDevs4978 Posted May 10, 2012 Share Posted May 10, 2012 Devils doing well and the Rangers on the verge of elimination? Rerun the same doomsday article again. 3 Quote Link to comment Share on other sites More sharing options...
GoArmySports Posted May 10, 2012 Share Posted May 10, 2012 How ironic..... Quote Link to comment Share on other sites More sharing options...
justdo3043 Posted May 10, 2012 Share Posted May 10, 2012 i hate hearing about this Quote Link to comment Share on other sites More sharing options...
Satans Hockey Posted May 10, 2012 Share Posted May 10, 2012 I love the unnamed source - “Winning doesn’t change the value,” a source said, especially since the team already has a good long-term media deal with the MSG Network.“Playoff appearances are random,” another source said. “I don’t think anything that can happen on the ice changes the story.” What a load of horse sh!t. Winning and playoffs = making more money. Not rocket science. Quote Link to comment Share on other sites More sharing options...
BCdevil Posted May 10, 2012 Share Posted May 10, 2012 (edited) I love the unnamed source - What a load of horse sh!t. Winning and playoffs = making more money. Not rocket science. They mean more money now but they have little effect on the value of a non-controlling 50% stake in the team. An extra $10 million to Vanderbeek is not going to solve the debt problems. Edited May 10, 2012 by BCdevil Quote Link to comment Share on other sites More sharing options...
Colorado Rockies 1976 Posted May 10, 2012 Share Posted May 10, 2012 Actually, I think it was the Knicks who were feeling the heat from, well, the Heat. But clearly the Devils are in some deep financial sh!t...we'll find out just how deep soon enough. In the meantime I'm going to enjoy this run while it lasts and not think about this situation. Quote Link to comment Share on other sites More sharing options...
hockey3893498 Posted May 10, 2012 Share Posted May 10, 2012 let this problem be an omen like 1995's franchise uncertainty. we know how that turned out. Quote Link to comment Share on other sites More sharing options...
Colin226 Posted May 10, 2012 Share Posted May 10, 2012 Devils doing well and the Rangers on the verge of elimination? Rerun the same doomsday article again. This. Just like how their sources said Zach would be gone by trade deadline.. 2 days before, all of a sudden there is a rushed article about some mystery investors saving the day and keeping Zach (after Lou announced Zach was staying).. 2 weeks later, another article about how the investors backed out when they found out about the routine investigation that anyone buying a team would have known about beforehand (but apparently they had no idea and Jeff didn't tell them, in the hopes that the NHL would forget to do their routine procedure) Can't wait to see what they make up next!! Quote Link to comment Share on other sites More sharing options...
mouse Posted May 10, 2012 Share Posted May 10, 2012 We were due for another one of these. Quote Link to comment Share on other sites More sharing options...
Neb00rs Posted May 10, 2012 Share Posted May 10, 2012 Typical NY Post, trying to stir sh!t up. This. Devils doing well and the Rangers on the verge of elimination? Rerun the same doomsday article again. And This. They just need to find a way to make us look bad even when we're succeeding. Quote Link to comment Share on other sites More sharing options...
Devs1965 Posted May 10, 2012 Share Posted May 10, 2012 Tabloid... period Quote Link to comment Share on other sites More sharing options...
DevsMan84 Posted May 10, 2012 Share Posted May 10, 2012 Whether you like it or not the fact that there is no denial from JVB is telling. Not good at all. Where there is smoke there is fire. Quote Link to comment Share on other sites More sharing options...
Devils731 Posted May 10, 2012 Share Posted May 10, 2012 (edited) Whether you like it or not the fact that there is no denial from JVB is telling. Not good at all. Where there is smoke there is fire. JVB put out his statement long ago. He doesn't need to respond to every silly update from the only source that is pushing this. You may get an update or a status quo, but it won't be telling either way. Where there's smoke there is fire may be a phrase that should be retired with 24 hour news cycles and the internet. Edited May 10, 2012 by Devils731 Quote Link to comment Share on other sites More sharing options...
Devil Dan 56 Posted May 10, 2012 Share Posted May 10, 2012 Whether you like it or not the fact that there is no denial from JVB is telling. Not good at all. Where there is smoke there is fire. That's fine, but a lot of teams go through this. Pittsburgh, Buffalo, Dallas, St Louis, Phoenix, etc. The NHL works hard to keep these teams where they are and to make the situation work. It's not even close to the doomsday predictions people come up with. More than likely, JVB is going to have to accept that he's going to need to allow a new part owner to make decisions with the team if he wants someone to help with the debt. Quote Link to comment Share on other sites More sharing options...
DevsMan84 Posted May 10, 2012 Share Posted May 10, 2012 That's fine, but a lot of teams go through this. Pittsburgh, Buffalo, Dallas, St Louis, Phoenix, etc. The NHL works hard to keep these teams where they are and to make the situation work. It's not even close to the doomsday predictions people come up with. More than likely, JVB is going to have to accept that he's going to need to allow a new part owner to make decisions with the team if he wants someone to help with the debt. That's how i see this and really this should be filed in the "sh!t that we can't do anything about" part our brains unless someone here has that much money. I don't think it's a doomsday scenario but it's far from ideal. Quote Link to comment Share on other sites More sharing options...
Devil Dan 56 Posted May 10, 2012 Share Posted May 10, 2012 That's how i see this and really this should be filed in the "sh!t that we can't do anything about" part our brains unless someone here has that much money. I don't think it's a doomsday scenario but it's far from ideal. Agreed. Besides, they have enough of my money at this point hahaha. Quote Link to comment Share on other sites More sharing options...
Ollie McKraut Posted May 10, 2012 Share Posted May 10, 2012 Would be cool to have a significant stake in the Devils; I am going to start saving. Quote Link to comment Share on other sites More sharing options...
roomtemp Posted May 10, 2012 Share Posted May 10, 2012 I still think if the whole damned economy didn't collapse then we wouldn't be in this mess. If its real or not overstated Quote Link to comment Share on other sites More sharing options...
robdeselich88 Posted May 11, 2012 Share Posted May 11, 2012 There are so many damn variables to this it's straight up annoying, I agree this is the same story over and over. nothing new here. I was reading in an article the other day the average fan spends 8 dollars outside the arena( on average) and 13-16 dollars inside the aren(on average). Times this by the 18,711 tickets printed....( not saying sold, printed) Quote Link to comment Share on other sites More sharing options...
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