Devils Financial Situation
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11-21-2012, 08:33 AM
Join Date: Jun 2008
Location: New Jersey
Originally Posted by
With Ray Chambers being part of the group that invested in the YES Network, and now that 49% of the network is being sold, his shares are being reduced to 12%, resulting in him earning 5x his original investment with the network
Being that Chambers is still on the books as a part owner of the Devils, and despite the fact that he and JVB aren't on great terms, will the Devils see any of the money he is making going to help the arena debt?
No. Rich men don't get rich by giving away their money...
And to all the stuff - I believe there's a deep respect for the 'my way or nothing' and 'winning at all costs' attitudes that Lou and George Steinbrenner both share. I think they were friends for a while.
The baseball link to the Devils goes back even further as Dr. McMullen also owned the Houston Astros...
"Why I'll be a Devil forever [...] two words.
Trust and respect
." - Mr. Pat Burns
"I learned not to question Cowbell's willingness to ban." - Brian Boyle
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