In Lou We Trust: An SB Nation Community

Navigation: Jump to content areas:


Pro Quality. Fan Perspective.
Login-facebook
New Blog: Voodoo Five for South Florida Bulls Fans!

SI: Jeff Vanderbeek is the Second Best Owner in the NHL

Sports Illustrated's site has a big feature about owners.  The big men, women, and/or groups who provide the money for our favorite teams to function as they are and to perform with the resources provided.  Important figures.  Bad, incompetent owners lead to potential bankruptcy and seemingly endless futility for a team. Good owners make/keep the team profitable and successful.  With all the talk going on about the Phoenix Coyotes, it's a timely feature for SI.com to get out.

In any case, SI.com went ahead and named the five best owners and five worst owners in each of the major sports.  See that haters, hockey is a major sport. Statement aside, the Devils' Jeffrey Vanderbeek has been listed as the second best owner in the NHL.  something that should put a spring in his step as well as the fans.  We don't just have the most success in recent memory among teams not named the Detroit Red Wings; we have the best owner among owners not named Mike Ilitch (a model of ownership success if there ever was one).

Vanderbeek was a former season ticket holder for the Devils in the 1980s and parlayed his wild success in the business world when he became a minority owner of the Devils since 2000 through the YankeesNets affiliate Puck Holdings.  Hence, SI considers his ownership to begin in 2000.  In any case, Vanderbeek bought the team outright in 2004, pushed and successfully secured a new arena in Newark (the Prudential Center) - something Puck Holdings wanted to do, but couldn't for one reason or another. Since then, the Devils have been making money and the team remains an annual contender in the league.  And the Rock has been pretty good to him as well.  Vanderbeek said back in December (as reported by Chere) that he expected for the Devils to continue making profit; who knows if it held true or if it's more than the $1.06 million that the NJSEA reported making with the Izod Center in the 2008 Fiscal Year.

If so, it's another reason for Vanderbeek and the Devils organization to be pleased. Either way, the Devils have become more valuable under Vanderbeek and with a fantastic arena to play in.  What more could you ask for? Other than, well, the success of the Red Wings?  Either way, I'm glad he's the owner the Devils and I hope he remains the owner for a long time - perhaps as long as the late Dr. John McMullen.  Anyway, check out the whole feature and be amazed that no one from Phoenix made the "worst" list.

0 recs  |  Comment 3 comments |

Story-email Email Printer Print

Comments

Display:

Now THAT is an epic win.

James Dolan, if you are reading this, you will eat it and you will like it!

I don't need no instructions to know how to rock!

by R_Adragna on May 12, 2009 7:17 PM EDT reply actions   0 recs

Dolan's on A list

Check the NBA Section and see if you can find him!

Devils in my heart! Devils in my mind! Devils in my eyes! Devils until I die!
In Lou We Trust - The Devils SBN Blog

by John Fischer on May 12, 2009 8:59 PM EDT up reply actions   0 recs

Already did.

making a very sinister grin

I don't need no instructions to know how to rock!

by R_Adragna on May 12, 2009 10:28 PM EDT up reply actions   0 recs

Comments For This Post Are Closed


User Tools

Welcome to the SB Nation blog about the New Jersey Devils! New here? Check out the Rules and Guidelines before posting.
Start posting about the Devils »

Join SB Nation and dive into communities focused on all your favorite teams.

Connect_with_facebook

FanPosts

Community blog posts and discussion.

Recent FanPosts

Small
SB Nation Survey + Chance to donate $500 to a charity of this community's choice
Steven_with_cup_small_small
Parise or Zajac North Dakota Jerseys?
Small
Okay I was never a fan of Seinfeld.....
Marty_sbetter_small
Martin is Back! New Defensive Pairings?
Small
So who'll be at the Retro Jersey game?
Nj_maul2b_small
Advice (your thoughts) on a Clarkson jersey
Small
Does Kovalchuk Belong in a Devils Uniform?
Rockman_small
ATTN: NJ Devils fans in Seattle
Small
Kovy & His Style of Play
Small
14 of 20 and counting, why has NJ been unable to recover?

+ New FanPost All FanPosts >

SBNation.com Recent Stories

Photo link

Matt Calvert, Blue Jackets' Prospect Interviews With The Cannon

Eric Nystrom, left, and Mikael Backlund of the Calgary Flames celebrate a goal in the second period of a NHL hockey game March 19, 2010, in Calgary, Alberta. (AP)

Sharks Fizzle Out Again, Lose To Flames, 4-3

Photo link

An Interview With Sharks Prospect Jamie McGinn

More from SBNation.com >

joomla visitors

Managers

Stanley_cup_and_you_-_sbn_small John Fischer

Authors

N665754327_5889_small TibbsBeastoftheEast

4739_small Steve Lepore