Around the NHL: Congrats Hawks on winning the STANLEY CUP
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06-17-2013, 03:50 PM
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Join Date: Aug 2010
Location: New Yawk
The New Jersey Devils are again skating on very thin financial ice, The Post has learned.
The team’s cash-strapped owner, less than six months after restructuring its debt, has missed an interest payment and now risks defaulting on its new loan, a source with direct knowledge of the situation said.
The latest financial blow-up at Devils Arena Entertainment — a missed interest payment in April of nearly $3 million — has surprised those close to the once-proud NHL franchise.
“How can you do a restructuring Dec. 31 and default in April?” the source said. “It’s astounding.”
Devils Arena, which also operates the Prudential Center, the team’s home arena in Newark, owes lenders roughly $170 million.
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