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Category: ‘Devils Front Office’

New Jersey Devils Owner Announces Refinancing Plan
January 3rd, 2013 at 1:31 PM
Finally some good news for the New Jersey Devils. The club announced Thursday that owner Jeff Vanderbeek has made the necessary financing moves to retain ownership and keep the team out of bankruptcy. From the team web site: "The Devils organization is pleased to announce that it has completed a refinancing...

Report: New Jersey Devils’ ownership in flux
August 8th, 2012 at 6:59 PM
According to a New York Post report, New Jersey Devils' owner Jeff Vanderbeek is still $20 million short of the money needed to pay off overdue loans. He has a week to find the necessary cash. The Post's Josh Kosman, who has been the leading reporter on this story for months,...

New Jersey Devils’ Owner Fires Back at Cory Booker
April 14th, 2012 at 1:50 PM
After absorbing some body blows from Newark Mayor Cory Booker, New Jersey Devils principal owner Jeff Vanderbeek went on the offensive himself Friday at a meeting with the editorial board of the Newark Star-Ledger, the same paper that gave Booker the forum to continue to slam Vanerbook earlier in the week. ***PHOTO1*** Vanderbeek’s...

Newark Mayor Continues to Skewer New Jersey Devils Owner
April 11th, 2012 at 9:27 PM
Chances are Cory Booker the mayor of Newark New Jersey, will not be cheering on the New Jersey Devils during the Stanley Cup Playoffs. In fact, it wouldn't be surprising to see Booker donning Florida Panthers gear over the next week or so as his battle with Jeff Vanderbeek, principal...

New Jersey Devils’ Owner Gets Ripped on by Newark Mayor
April 4th, 2012 at 3:20 PM
The fight between the New Jersey Devils and the City of Newark over the Prudential Center's lease agreement may have been decided in the Devils' favor by an arbitration panel, but hard feeling linger and exploded outside the arena Wednesday when Newark Mayor Cory Booker and other politicians did not...

New Jersey Devils ‘Win’ One vs. Newark
April 3rd, 2012 at 11:24 PM
The New Jersey Devils have benefited from an American Arbitration Association decision Tuesday that appears to settled the franchise's five-year dispute with Newark, N.J. over rent and parking revenue. According to a report in the Bergen Record, "the most important figures are the affirmation of the Devils’ right to $2.7 million...

New Jersey Devils Receive Advance Money from NHL
January 29th, 2012 at 11:19 AM
The New Jersey Devils are receiving advances on some future income from the NHL to see the team through its current ownership difficulties. The New York Post's Mark Everson reports the league has provided the Devils with money from TV revenue as a means of keeping the team afloat. ***PHOTO1*** “Just league distributions....

New Jersey Devils’ President Lou Lamoriello Assesses Team at All-Star Break
January 27th, 2012 at 1:00 AM
When assessing where the New Jersey Devils have accomplished so far this season and what are the expectations for the remainder of the season the man to turn to is the one whose opinion matters most -- Lou Lamoriello. ***PHOTO1*** New Jersey's longtime president and general manager is charged with making this...

Report: League May Loan Cash to New Jersey Devils
January 21st, 2012 at 9:33 AM
According to a report in Saturday's editions of the New York Post, the National Hockey League is in talks with the New Jersey Devils to advance the club the cash it needs to operate through the season. An NHL spokesman called the report "inaccurate" and a Devils spokesman said "We are...

Post Reports Financial Woes for New Jersey Devils
January 13th, 2012 at 10:28 AM
A report in Friday's editions of the New York Post paint a dismal picture of the New Jersey Devils' finances. ***PHOTO1*** The Post reports that Devils owner Jeff Vanderbeek is late on an $80 million debt payment and is trying to use the team's TV package with MSG Network as a means...

New Jersey Devils Will Make Best of Realignment
December 7th, 2011 at 7:02 PM
All things being equal, Lou Lamoriello, the president and general manager of the New Jersey Devils, would have like the NHL's division and conference structure to remain as it is. Tom Gulitti of the Bergen Record provided a transcript of Lamoriello's comments. ***PHOTO1*** “From where we sit and the location we’re at,...

Forbes Paints a Dismal Picture for New Jersey Devils
December 1st, 2011 at 12:25 AM
The December issue of Forbes Magazine is not one fans of the New Jersey Devils will want to read. ***PHOTO1*** The issue contains its annual valuations of NHL teams, numbers that are always dismissed as inaccurate by the NHL and its franchises. Regarding the Devils, Forbes' report lends credence to other media reports,...

NY Post Report: Devils in Financial Trouble
September 12th, 2011 at 11:14 PM
By Phil Coffey The New Jersey Devils have denied a New York Post report Monday, Sept. 12, that the team is in financial trouble. “Today’s New York Post story is inaccurate," read the team's statement. "The notions that the Devils are facing bankruptcy or that 'the Devils have told their banks to...

New Jersey Devils Plot Rebound in 2011-12
August 19th, 2011 at 8:47 AM
All good things must come to an end the old adage says. The New Jersey Devils can attest to that after a turbulent 2011-11 season that saw New Jersey miss a trip to the playoffs for the first time since 1996. ***PHOTO1*** After a disastrous opening to the season under coach John...

Era Ends as Mike Emrick Leaves New Jersey Devils
July 21st, 2011 at 8:47 AM
The New Jersey Devils suffered a big loss that will be felt in every game this season with the news that television broadcaster Mike Emrick is leaving MSG Network to work exclusively for NBC and Versus. Emrick, a Hockey Hall of Fame broadcaster and Emmy Award winner, called Devils games for...