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Ray Chambers has agreed to pay $25 million to unload his 47 percent stake in the team

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Old
09-24-2011, 03:49 PM
  #76
Devils731
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Originally Posted by guyincognito View Post
My problem with posts like that one on NJDevs(and yeah he has the picture), is 1) how do I actually know what is said in the conversation, and that this isn't just BIGGGG NEWWWZZZ to make yourself look good... and 2) if it is legit, how the hell do you have a conversation with someone like that and just splatter it all over the internet?
Also, how do we know Chico doesn't talk out his butt? Like a guy who knows half a story but thinks he knows the whole thing?

A few people had "Chico was bizarrely candid with me stories" so it at least seemed reasonable Chico could have said it.

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09-24-2011, 03:53 PM
  #77
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Originally Posted by Devils731 View Post
Also, how do we know Chico doesn't talk out his butt? Like a guy who knows half a story but thinks he knows the whole thing?

A few people had "Chico was bizarrely candid with me stories" so it at least seemed reasonable Chico could have said it.
He does that enough when he's on the air

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09-24-2011, 04:00 PM
  #78
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Originally Posted by guyincognito View Post
My problem with posts like that one on NJDevs(and yeah he has the picture), is 1) how do I actually know what is said in the conversation, and that this isn't just BIGGGG NEWWWZZZ to make yourself look good... and 2) if it is legit, how the hell do you have a conversation with someone like that and just splatter it all over the internet?
I didn't believe it personally. Aside from a few posters here who just want to pass along what they hear to be nice, I don't really believe random strangers on internet who claim someone connected to the team said they know a players intentions. Like you said, who has a conversation with someone and than splatter it over the internet?

Besides which, you can bet Chico's been instructed to keep his mouth shut just like everyone else.

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Old
09-24-2011, 04:06 PM
  #79
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So many rumors, half of them contradictory. Whatever. I'll just focus on this upcoming season.

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09-24-2011, 04:07 PM
  #80
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Just hearing that Parise signed the 1 year because of this. The minority owners wouldn't allow anything more than 1 year.

seriously.
Cool. Let's sign him in Jan-Feb and ship him to LA for Doughty first chance we can.

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Old
09-24-2011, 04:08 PM
  #81
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I do not understand. I thought Vanderbeek was going to buy it from Chambers. So why is Chambers paying 25 mil?

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09-24-2011, 04:09 PM
  #82
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Anybody who says he has inside information on the Devils is lying. No exceptions, not even Chico.

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Old
09-24-2011, 04:16 PM
  #83
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Originally Posted by PariseR8 View Post
I do not understand. I thought Vanderbeek was going to buy it from Chambers. So why is Chambers paying 25 mil?
If this situation is true? He's paying $25M as the downpayment on the refinance and then absolving himself of ownership and basically handing it over for nothing. His "payment" for his half of the team is freedom from debt.

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09-24-2011, 04:16 PM
  #84
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Anybody who says he has inside information on the Devils is lying. No exceptions, not even Chico.
Yep, lying or lying at the bottom of Hudson River.

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09-24-2011, 04:20 PM
  #85
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Originally Posted by guyincognito View Post
If this situation is true? He's paying $25M as the downpayment on the refinance and then absolving himself of ownership and basically handing it over for nothing. His "payment" for his half of the team is freedom from debt.


Okay, I see.

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09-24-2011, 04:21 PM
  #86
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I dont think it's a secret that JVB and Lou have had their rifts over the past couple years. I think most of us know that Lou was forced to re-sign Kovalchuk. Also, JVB wants to be much more fan friendly, something Lou and co. havent quite grasped the concept of yet. Idk, I wouldnt be surprised if Lou gets fired soon or "retires"

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09-24-2011, 04:25 PM
  #87
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Awesome!

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09-24-2011, 04:36 PM
  #88
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Classic.

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09-24-2011, 06:01 PM
  #89
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So are we going bankrupt?

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09-24-2011, 06:36 PM
  #90
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So are we going bankrupt?
Unlikely

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Old
09-24-2011, 06:46 PM
  #91
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So are we going bankrupt?
Not until 2014, anyway.

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Old
09-24-2011, 06:50 PM
  #92
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Originally Posted by Saugus View Post
Anybody who says he has inside information on the Devils is lying. No exceptions, not even Chico.
I do/did for a while. It's a lot easier than you think. I also have no reason to lie about this.

I knew about Johnny Mac getting canned (then again, who didn't see that coming?) two weeks before it happened, also Langenbaby getting traded.

You'll never get anything from Lou. But the people that work under him aren't so tight.

I haven't talked to the guy in a while, but same dude mentioned money problems last time I talked him. So, I don't know. Finance bewilders me. Completely.

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Old
09-24-2011, 06:56 PM
  #93
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well, if we had payment due on a $100M loan and just paid $25M towards it then we are only on the hook for $75M (+ interest i guess) in 2014

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Old
09-24-2011, 07:20 PM
  #94
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I just saw 1,000 shares of Devils ownership stake for sale on ebay. $1,800,000 buy it now.

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Old
09-24-2011, 07:50 PM
  #95
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lol alright, we'll see

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Old
09-24-2011, 08:10 PM
  #96
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so essentially chambers is trading his stake in the team for no debt, right?

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Old
09-24-2011, 08:20 PM
  #97
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ah, a "Lou should retire or be fired" fanboy

havent had one of those in awhile

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Old
09-24-2011, 08:58 PM
  #98
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I don't see this as good news, for Chambers to buy himself out is very worrisome... I wouldn't even be shocked if Vanderbeek sells all of his stake in the team

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Old
09-24-2011, 09:01 PM
  #99
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Not until 2014, anyway.
Not exactly reassuring since 2014 is just a little over 2 years away.

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Old
09-24-2011, 09:12 PM
  #100
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Not exactly reassuring since 2014 is just a little over 2 years away.
I would say their loan payment that was "missed" was 9/1/11 and their next is 9/1/14. Someone please correct me if wrong.

It is essentially 35.5 months away.

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