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09-12-2011, 01:11 PM
  #97
Beef Invictus
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Apparently the Devils are close to bankruptcy.

Quote:
The attendance-challenged, heavily indebted team missed its Sept. 1 loan payment, giving its lenders a breakaway chance to push the team into bankruptcy, a source with direct knowledge of the situation said.
“The Devils are blowing up,” the source said.
The team’s financial hardships could also affect Newark’s four-year-old Prudential Center, the Devils’ home arena. Team-owned Devils Arena Entertainment operates the $375 million building and guarantees the Devils’ loans and, therefore, is in danger of also going bankrupt.
http://www.nypost.com/p/news/busines...ff0OCTWRIdroxH

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