Aug 23, 2013, 10:29 PM EDT
In June of 2012, the New Jersey Devils were only two wins away from winning the Stanley Cup.
In August of 2013, amid financial turmoil, the Devils were sold to a group headed by Josh Harris, also the principal owner of the Philadelphia 76ers in the NBA.
The financial stability of the franchise had been in question for a while, with the team’s former owner Jeff Vanderbeek having to restructure the organization’s debt of roughly $78 million.
Vanderbeek had gained sole ownership of the Devils, according to reports that surfaced in January, prior to the agreement of a collective bargaining agreement between the league’s owners and the NHL Players’ Association.
The struggles continues as recently as June, when a report came out that the Devils were at risk of defaulting on loan.
Naturally, the NHL was quick to say that the team’s future in Newark was not in question.
“Despite recent reports to the contrary, which are inaccurate, we are not concerned about the Devils’ future, or the franchise’s ability to achieve long-term success in Newark,” NHL deputy commissioner Bill Daly wrote in an email to The Record.
But enough about the past. The purchase of the Devils by the Harris group could now give the franchise some financial stability moving forward.
The Devils, with three Stanley Cup championships, will now try to turn their attention to building a winning hockey club again, this time under now ownership.
“Everyone wants to win but not everyone knows how,” Devils general manager Lou Lamoriello told reporters during a press conference on Aug. 15, when the sale was made official.
“They’re creative, they’re intuitive and they want to get an edge in every way they can.”
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A new wrinkle to the rivalry.
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He shakes off Saturday’s scary crash.
Mar 30, 2015, 7:03 PM EDT
Could he be ahead of schedule?
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L.A.’s first time back in Chicago since Game 7 of last year’s Western Conference Final.
Mar 30, 2015, 4:29 PM EDT
No more James Wisniewski.
Mar 30, 2015, 3:56 PM EDT
Could be helpful in attracting and retaining free agents.
Mar 30, 2015, 3:46 PM EDT
The drive began by focusing on individuals for season ticket packages.
Mar 30, 2015, 3:06 PM EDT
“I think it’s going to come right down to the morning skate.”
Mar 30, 2015, 2:15 PM EDT
News and notes from around the crease…
Mar 30, 2015, 1:59 PM EDT
Flyers d-man has a lower-body injury.
Mar 30, 2015, 1:58 PM EDT
“A win tonight would be good for our team, both physically and mentally.”
Mar 30, 2015, 1:42 PM EDT
Tough journey through St. Louis, Nashville, Chicago and Winnipeg.
Mar 30, 2015, 1:24 PM EDT
Incident occurred prior to a promotion game in the Swedish league.
Mar 30, 2015, 12:59 PM EDT
And so the dance begins…
Mar 30, 2015, 12:50 PM EDT
Alex Steen is out, however.
Mar 30, 2015, 12:15 PM EDT
Has the Wild’s savior goalie done enough to make him a Vezina Trophy finalist?
Mar 30, 2015, 11:37 AM EDT
Joins Braydon Coburn and Andrej Sustr on the shelf.
Mar 30, 2015, 11:23 AM EDT
Bruins in a much better spot after a successful weekend. (Not so for the Sens.)
Mar 30, 2015, 10:59 AM EDT
Vermont goalie Brody Hoffman and Minnesota State blueliner Zach Palmquist come aboard.
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