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Devils Near Bankruptcy


zumpano21

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http://blogs.northjersey.com/blogs/fireice/comments/devils_call_report_that_team_is_facing_bankruptcy_patently_untrue/

Brick City is going bankrupt, who own 47% of the Devils. Jeff Vanderbeek, who owns another 47%, is trying to buy out Brick City (and I'd assume sell those shares at some point for a profit). It's not nearly as cut and dry as the Post's story made it out to be. The team is going through refinancing to complete this buyout.

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Well... maybe if they played a more excited brand of hockey... -_-

What's more exciting than constantly jugling with LTIR to fit under the cap, the Kovalchuk's contract saga, changing head coach 9 times since 2005 (including when Lou fired Julien with something like 10 games to go before the playoffs and took his spot) and having a guy with a mustach as colour analyst ?

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What's more exciting than constantly jugling with LTIR to fit under the cap, the Kovalchuk's contract saga, changing head coach 9 times since 2005 (including when Lou fired Julien with something like 10 games to go before the playoffs and took his spot) and having a guy with a mustach as colour analyst ?

Umm... wide open hockey? :)

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There's a pretty good chance things are going to get a lot worse too. Unless Alex Kincaid turns into an elite prospect overnight, they don't have anyone to replace Brodeur who has to retire soon (one would think) while Parise may very well be gone next year too. Losing their top forward, top goalie, and one of their next three first rounders would be devastating. If their owner can't afford to spend to the cap much longer, they'll be in Islander-like trouble.

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There's a pretty good chance things are going to get a lot worse too. Unless Alex Kincaid turns into an elite prospect overnight, they don't have anyone to replace Brodeur who has to retire soon (one would think) while Parise may very well be gone next year too. Losing their top forward, top goalie, and one of their next three first rounders would be devastating. If their owner can't afford to spend to the cap much longer, they'll be in Islander-like trouble.

That was a fast fall from grace...

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That was a fast fall from grace...

Was it? Top teir team since the mid-1990s, haven't had Stevens or Niedermeyer since the lockout, and lost Rafalski a couple years after. Meanwhile Marty is pushing 40. This has been happening for a long time.

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Was it? Top teir team since the mid-1990s, haven't had Stevens or Niedermeyer since the lockout, and lost Rafalski a couple years after. Meanwhile Marty is pushing 40. This has been happening for a long time.

They still won their division in 05-06, 06-07, 08-09 and 09-10.

It's only been 2 years... division champs for 4/5 seasons then two years later they are bankrupt? I think that is pretty fast.

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They still won their division in 05-06, 06-07, 08-09 and 09-10. It's only been 2 years... division champs for 4/5 seasons then two years later they are bankrupt? I think that is pretty fast.

The bankruptcy doesn't have a lot to do with the team itself, though. It's one of the two main ownership groups going belly up due to a variety of factors.

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The bankruptcy doesn't have a lot to do with the team itself, though. It's one of the two main ownership groups going belly up due to a variety of factors.

True, but their whole situation face planted pretty bad

Though I think they will be a much better team this year

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True, but their whole situation face planted pretty bad Though I think they will be a much better team this year

They just went through a horrid stretch with injuries, bad luck and they quickly lost faith in their coach. It was a trainwreck.

They'll be competitive. They probably aren't top of the division good, though.

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They just went through a horrid stretch with injuries, bad luck and they quickly lost faith in their coach. It was a trainwreck.

They'll be competitive. They probably aren't top of the division good, though.

Agreed

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