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Governor Christie: Repeated lockouts reflect “bad management”

Dec 21, 2012, 6:10 PM EDT

New Jersey Governor Chris Christie speak Getty Images

After Canadian Prime Minister Stephen Harper and US President Barack Obama weighed in on the lockout, New Jersey Governor Chris Christie had some harsh things to say about the NHL’s management, according to the Bergen Record

“This is the third time this has happened in recent memory,” Christie said, referring to the 1994-95 and 2004-05 lockouts, as well as the ongoing one. “You know, that’s bad management.”

Christie worries about the impact that the lockout is having on the downtown Newark and on the New Jersey Devils, given their recent financial difficulties.

The team had some issues with overdue loans, but they reportedly reached a deal on the matter in early September that would allow owner Jeff Vanderbeek to maintain control of the Devils for at least two more years.

Forbes recently valued the Devils at $205 million, which was good enough for 19th place in the league and roughly one-fifth the value of the Toronto Maple Leafs.

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