We have seen our fair share of financial issues over the past few years. I think we can all agree that if we do get some new owners, at least we got a super-star prospect out of this debacle and that is Vanderbeek's son who by no means got to play with the prospects because his fathers the owner.
While I agree with others in that there are some shoddy "facts" in the article, I'm going to be (so far) the only one who thinks that this is not only possible, but even perhaps highly probable.
If you do believe Forbes, the financing of this team is a bit of a debt nightmare, and the team operates slightly in the red or black (no pun intended) each year. We don't know the numbers from last year yet (Forbes piece usually comes out in a month or two), but I cant imagine they were solid, what with the "season of suck" and the 10,476 discounts per game in a desperate bid to put fannies in seats.
Personally, I've also previously here on HFBoards speculated that I thought it bizarre how aggressively the Devils push for the frontloading of revenues from their ST base, which always made me wonder if there was a timeline factor involved (i.e. meeting a debt payment).
First off, the NY Post is an awful, awful publication for just about ANY story on anything. Of all area outlets, they have a standard most comparable to National Enquirer versus the NY Times.
There are probably some money issues, but it's hard to imagine it's to the extent of Bankruptcy Protection.
What's more beautiful is how, Forbes (an actually decent source) puts us at the 11th most worthy franchise in the league, but yet our attendance woes are what emphatically purport the substantiation of the articles base-claim.
All things considered, there are 6 teams inevitably more profitable than all other franchises. Yet, the Devils - in our cluster****, ******* child region - only fall 5 places below that? We are above the mid-way point in a league which has become highly profitable post-lockout and that's with our woeful, ass sucking attendance?
That says a lot about the franchise's profitability if we're not taking in all the profit from the gates.
However, as I have said of the ownership in recent years, it's been run a tad too dirty and corporate-like for my liking. But, when they folded the Trenton team and also shed some payroll, one would think it was to ensure their main business interest would be secured (Arena/NHL Club).
I imagine there are loans due and the like, but to suggest the team will ultimately need bankruptcy protection in its wake? That seems incredibly dramatic.
But hey, worst case scenario, we can scrap that fugly hockey figure in front of the arena. Scrapping prices are GREAT right now.