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Report: Mystery investor could throw Devils owner lifeline

Feb 21, 2012, 12:25 PM EDT

Zach Parise Getty Images

The New York Post is reporting that New Jersey Devils owner Jeffery Vanderbeek is close to reaching a deal with a “deep-pocketed investor” that would buy him more time to raise capital and keep the team.

The investor will reportedly pay down $80 million in overdue debt, but there’s a catch – if Vanderbeek can’t raise the capital by the fall, he’ll have to sell the team.

It’s not clear how this might affect Zach Parise’s contract talks.

On the one hand, there’s the chance that adding more player salary to a business that’s reportedly losing money could negatively affect Vanderbeek’s ability to raise capital. Then again, losing Parise might be seen as a detriment to the business.

The Post reports that Vanderbeek is “pretty far along” in his quest to raise additional equity, so you never know, this whole thing might be solved before July 1 when Parise is set to become an unrestricted free agent.

  1. greatminnesotasportsmind - Feb 21, 2012 at 12:42 PM

    Parise… Welcome back to Minnesota…

    • martysbetter - Feb 21, 2012 at 12:53 PM

      Never understood why fans of Minnesota think the Wild would even be considered by Parise, sure he’s from there – but did you miss the part where Parise said he wants to WIN?

      Why would he go from a playoff contender to a team on the outside looking in?

      • sknut - Feb 21, 2012 at 2:18 PM

        While currently true, there is also a lot of young talent in the pipeline that might make it more attractive to build something long term.
        At the end of the day though there will be no shortage of suitors for his services.

      • greatminnesotasportsmind - Feb 21, 2012 at 2:42 PM

        Apparently you missed it when he said he would be interested in signing with the Wild. They only have 2 players signed longer than 2 years (Koivu, who’s pretty good and Brodziak who is decent). They have all this high end prospects coming either next year or the year after. They are set up to be Cup contenders within 2 years. If the Wild wanted, they can get both Parise and Weber or Suter.

  2. Jersey Mike - Feb 21, 2012 at 1:04 PM

    Slim chance Parise goes to Minn. Better bet he stays in NJ and ditto to what martysbetter said

  3. illogic87 - Feb 21, 2012 at 1:52 PM

    Yeah, I’m a Wild fan but I dont see Parise coming here. Guys like that want to win and the Wild are far from that. Being from Minnesota doesnt mean anything.

  4. danphipps01 - Feb 21, 2012 at 2:17 PM

    Honestly, I’d sooner see him going to St. Louis. They’re a strong competitor with the room to fit him at the price he’ll likely be asking. They like two-way players, they need high-scoring forwards and Parise also has the advantage of being a great passer – which would go a long way to helping guys like Backes and Stewart (if he’s still around) score more frequently.

    You know, that or Detroit. What’s a speculation thread without “He’d look good in the Winged Wheel,” am I right?

  5. perfectionisboring - Feb 21, 2012 at 2:28 PM

    The Post also reported the Devils might trade Parise for draft picks to trim payroll. They name unnamed sources constantly. The Post is like the ECKLAND of journalism.

  6. solador78 - Feb 21, 2012 at 6:57 PM

    Sounds like they made Vanderbeek an offer he can’t refuse.

  7. teamcropdusters - Feb 21, 2012 at 9:32 PM

    Hopefully this happens… the NHL needs the Devils to be the club they have been for the last 15 years.

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