Aug 23, 2013, 10:29 PM EST
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.”
Dec 11, 2013, 12:25 AM EST
His Bruins beat Calgary 2-1 on Tuesday.
Dec 10, 2013, 11:47 PM EST
Ben Scrivens must feel a little less special.
Dec 10, 2013, 11:14 PM EST
He said this is his worst stretch with the team.
Dec 10, 2013, 10:36 PM EST
Dec 10, 2013, 10:33 PM EST
Nashville ends a five-game skid.
Dec 10, 2013, 10:02 PM EST
Dec 10, 2013, 9:30 PM EST
Alex Ovechkin made the Lightning pay.
Dec 10, 2013, 8:24 PM EST
At least he made it longer than Braden Holtby.
Dec 10, 2013, 8:08 PM EST
Martin Jones and Ben Scrivens are holding down the fort.
Dec 10, 2013, 7:47 PM EST
Mike Green also gets a game misconduct.
Dec 10, 2013, 7:12 PM EST
GMs sing his praises, too.
Dec 10, 2013, 6:52 PM EST
It won’t happen in 2014-15, though.
Dec 10, 2013, 5:31 PM EST
It’s a hot-button issue in the wake of Saturday’s Boston-Pittsburgh game.
Dec 10, 2013, 5:13 PM EST
Phoenix has just two wins in its last eight.
Dec 10, 2013, 4:21 PM EST
Former first-round pick on his way to Norfolk.
Dec 10, 2013, 3:02 PM EST
We’re about to find out.
Dec 10, 2013, 2:42 PM EST
A loaded Detroit roster gets… more loaded.
Dec 10, 2013, 2:15 PM EST
‘Hawks no like.
Dec 10, 2013, 1:53 PM EST
For the second time this season.
Dec 10, 2013, 1:40 PM EST
Chicago’s goalie depth about to be tested.
- Update: Ryan Callahan out 4-6 weeks with MCL sprain 5
- Ovechkin wills Caps to stunning shootout win vs. Bolts 39
- Bettman: No decision on expansion, but they’re listening 12
- Neal admits kneeing Marchand was ‘not the smartest decision’ 68
- Leafs captain Phaneuf suspended two games for boarding 37
- Rangers confirm Staal suffered concussion 8
- Winnipeg to get outdoor game; Phoenix wants one 33
- Neal suspended five games for kneeing Marchand in the head 156
- Report: Dion Phaneuf will face hearing for hit on Kevan Miller 104
- Bruins coach admits Thornton crossed the line, slams Pens for not being ‘truthful’ 136
- Video: Penguins’ Orpik stretchered off ice; Bruins’ Thornton given match penalty (182)
- Neal suspended five games for kneeing Marchand in the head (156)
- Bruins coach admits Thornton crossed the line, slams Pens for not being ‘truthful’ (136)
- Pens put Orpik on IR (132)
- Orpik suffers from concussion, including memory loss (118)