The NHL got rid of one headache when a new ownership group emerged at the last minute and saved the Phoenix Coyotes.
The NHL had run the franchise for four years until Renaissance Sports & Entertainment bought the team from the league and secured a new arena deal in Glendale, Ariz.
Just as the Phoenix drama reached its climactic moment, it appeared the NHL was about to face a similar situation with the New Jersey Devils. Owner Jeff Vanderbeek was financially strapped and if a new owner could not be found, the NHL might have been forced to step in and prop up the franchise.
It looks like Joshua Harris, the Philadelphia 76ers owner, could purchase the franchise within days, according to a report by Tom Gulitti of the Bergen Record.
If the NHL's Board of Governors approves the deal—and there are no indications of any stumbling blocks at this time—Harris will rid the team of its massive $200 million debt.
That will be fantastic news for the franchise, and it will give general manager Lou Lamoriello the opportunity to make the moves needed to get this franchise back into cont ...
Read Full Article at Bleacher Report - NHL
Article written by Steve Silverman
Sale of New Jersey Devils Would Be Another Important Step Forward for NHL
August 14th, 2013 by Steve Silverman Leave a reply »
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