Skip to content

Report: Investors negotiating stake in Devils

Jun 18, 2013, 10:29 AM EDT

Devils fans

Yesterday, we passed along a report from the New York Post that the New Jersey Devils were back in financial choppy waters.

Today, the Post has an update on the situation, including news that a couple of familiar names may be ready to invest in the club:

The deal under discussion with ex-Tampa Bay Lightning owner Oren Koules and former pro hockey player Brian Lawton would allow the pair to take eventual ownership of the cash-strapped franchise if they cover losses beyond a certain point, according to sources.

“A deal is not far off,” one source said.

However, current Devils owner Jeff Vanderbeek could remain in charge if he turns around the team’s finances in the next few years, a source said.

There are more financial details in the story, if you’re curious. From a hockey standpoint, it will be interesting to see if this affects the team’s ability to re-sign unrestricted free agents like Patrik Elias, David Clarkson, Marek Zidlicky and Dainius Zubrus.

Latest Posts
  1. Sabres’ Larsson says he’s proven what he can in AHL

    Aug 21, 2014, 11:00 PM EDT

    Johan Larsson Getty Images

    He’ll have a battle to make the NHL next season.

  2. NHLers hold charity games in Slovakia honoring Pavol Demitra

    Aug 21, 2014, 10:00 PM EDT

    Pavol Demitra Getty Images

    He died in the plane crash that killed the Lokomotiv Yaroslavl team in 2011.

  3. McDavid on teams possibly tanking for him: ‘It’s pretty crazy’

    Aug 21, 2014, 9:00 PM EDT

    Connor McDavid Getty Images

    The NHL changed the process for the Draft Lottery on Wednesday.

  4. It’s all on Crosby, Malkin to make it work in Pittsburgh

    Aug 21, 2014, 7:33 PM EDT

    Sidney Crosby, Evgeni Malkin, Matt Niskanen AP

    We know it’s not surprising, but just go along with it.

  5. Sakic on Giguere: ‘His achievements speak for themselves’

    Aug 21, 2014, 6:24 PM EDT

    Jean-Sebastien Giguere AP

    A Stanley Cup and a Conn Smythe in separate years is a nice legacy.

  6. Poll: Who makes up for James Neal’s goals in Pittsburgh?

    Aug 21, 2014, 5:15 PM EDT

    Sidney Crosby, James Neal, Chris Kunitz, Evgeni Malkin AP

    No one scored more Pens goals than he did the past three seasons.

  7. Agent: Bryzgalov ‘loved’ Minnesota, really wants to return

    Aug 21, 2014, 2:39 PM EDT

    LOS ANGELES, CA - MARCH 31: Ilya Bryzgalov #30 of the Minnesota Wild reacts to play during a break in the game against the Los Angeles Kings at Staples Center on March 31, 2014 in Los Angeles, California. The Minnesota Wild won 3-2. Getty Images

    “He has instructed me to do all I can to facilitate a return to the Twin Cities.”

  8. Bertuzzi lawyer: Settlement reached, Moore’s brother ‘does not know what he is talking about’

    Aug 21, 2014, 1:11 PM EDT

    Bertuzzi Moore

    “Nor is he very smart to have made untrue defamatory statements such as these.”

  9. Sounds like San Jose handled stripping Thornton’s captaincy really well

    Aug 21, 2014, 12:32 PM EDT

    Joe Thornton Getty Images

    “I talked with Todd today, and he never mentioned anything about captains or assistant captains.”

  10. Under Pressure: Mike Johnston

    Aug 21, 2014, 11:47 AM EDT

    Mike Johnston, Jim Rutherford, Rick Tocchet AP

    All the first-time NHL head coach has to do is get Pittsburgh to the promised land. No biggie.

  11. Looking to make the leap: Simon Despres

    Aug 21, 2014, 10:01 AM EDT

    Simon Despres Getty Images

    The 23-year-old defenseman may get a real shot this season.

  12. Tanguay helped sell Iginla on Colorado

    Aug 21, 2014, 9:00 AM EDT

    Alex Tanguay Getty Images

    They were teammates in Calgary for two seasons.

  13. It’s Pittsburgh Penguins Day at PHT

    Aug 21, 2014, 8:00 AM EDT

    Evgeni Malkin, Sidney Crosby Getty Images

    The pressure is on Sid and Geno now after a summer of change.

  14. Sens GM says they’re ‘definitely going to try to keep’ Bobby Ryan

    Aug 20, 2014, 10:00 PM EDT

    Craig Anderson, Kyle Turris, Bobby Ryan, Patrick Wiercioch AP

    He can be an unrestricted free agent next summer.

  15. ‘Canes GM Francis says Semin will be ready for training camp

    Aug 20, 2014, 9:02 PM EDT

    Ron Francis Getty Images

    Recovery from offseason wrist surgery put things in doubt.

Top 10 NHL Player Searches
  1. K. Hayes (2068)
  2. S. Crosby (1908)
  3. R. Johansen (1541)
  4. D. Alfredsson (1496)
  5. J. Giguere (1257)