Source: Newark Star-Ledger
Devils owner Jeff Vanderbeek is nearing an agreement that would allow him two more years to refinance the team's debt or sell it, according to a report on NYPost.com.
The deal with lenders is tentative and could still fall apart, the report said.
The Devils' debt would be combined with loans against Devils Arena Entertainment, the organization that takes in concession revenue from Prudential Center events.
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Devils owner nears deal to keep team, report says
Discussion in 'Breaking NHL News' started by SRM Breaking News, Aug 16, 2012.
