Tag: unsubstantiated new york post rumors

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Post Reports Good News (Zuh?) for Devils' Finances

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Our old buddy Josh Kosman is back, but, surprisingly, with some good news this time. And just because this news is positive(-ish), it doesn't mean it won't be surrounded by that trademark NY Post cloud of mystery. So the good news? Apparently, a new investor - well known mogul, "deep-pocketed mystery investor" - is closing in on a deal to purchase the $80 million dollar debt payment we've all heard so much about. With such reliable sources, such as "these sources," "a source," "sources," and our old buddy, "a source close to the situation," this story is as good as bulletproof. Reportedly, the attempt to capitalize the TV deal failed and Chambers/Brick City were never able to cash out. J-Kos also reports the Devils were closing in on bankruptcy if this deal didn't happen, though the explanation offered is less than clear as to how long the team really had to raise the necessary cash. A condition of the purchase is that Vanderbeek apparently has to raise a bunch of cash by the fall or he will be forced to sell the team. Again, it's the Post, so grain-of-salt on all of this, folks. As is customary in these reports, the Devils couldn't be reached for comment. In seriousness, this seems to be good news, and while the Post should never be treated as gospel (stop laughing, it's rude), I'm willing to be cautiously optimistic.

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