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01-03-2013, 11:09 AM
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Colin226
NJ Devils STH
 
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Join Date: Jan 2011
Location: Flemington, NJ
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New Jersey Devils Secure New Financing via CIT Group

Looks like this ordeal is finally over and Jeff will be the sole owner going forward

http://t.co/mSDSlPGV

@TGfireandice: Vanderbeek has bought out the shares of Brick City LLC (Gilfillan/Chambers) and Peter Simon (6%).

@TGfireandice: In addition to paying down a lot of team debt, which was about $78 million, it has now been combined with arena debt as part of refinancing.


MOD: link to last discussion on status of deal here.


Last edited by Fugu: 01-03-2013 at 12:54 PM. Reason: ...
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