The New Jersey Devils are swimming in a mountain of debt and while that might not sound like an appealing situation to bring about any interested buyers, there’s a guy out there looking to dive in head first.
The New York Post reports that billionaire investor Nelson Peltz is interested in buying the Devils out of their $250 million debt and getting involved directly with the team. Peltz’s plan involves setting up an equity investor to buy the team should the Devils fail to restructure their debt. The Post also reports that the NHL has given approval to Peltz’s plan to acquire the team’s debt.
Devils owner Jeff Vanderbeek is trying to arrange things behind the scenes to try and get a television deal worked to get $80 million to put towards the team debt and get things restructured. If he’s able to do that, Peltz might be out in the cold. Considering how poorly the money has gone with Vanderbeek to this point, the Devils are probably better off having Peltz come through with his plan.
The Devils need to get things figured out soon before it becomes a huge boondoggle in Newark to add to other financial messes around the league in Phoenix and Columbus. On the upside, Peltz is a huge hockey fan and his son was drafted by the Senators in 2009. Having a hockey fan buy a team worked out nicely in Buffalo.
(Hat tip to Kukla’s Korner on the story)
This hasn’t been the best night for St. Louis sports fans.
Obviously, the MLB’s Cardinals getting bounced from the playoffs is a bigger deal, but the Blues face bad news, too.
While they’re currently leading the Calgary Flames by a score of 4-3, they’ll need to hang on without Kevin Shattenkirk, whose night is over thanks to a lower-body injury.
There’s no word yet on how severe the issue might be.
Naturally, the Blues must hope that it’s minor, as Shattenkirk is one of the NHL’s truly underrated assets on the blueline.
Stephanie (@MyRegularFace) tracked down a moment when the injury may have happened:
It’s not all rosy for the Flames, either, as Lance Bouma suffered an injury as well.
In some ways, it really felt like their first-round series.
For all the talent on both ends of the rink with the Detroit Red Wings and Tampa Bay Lightning, each squad can really smother opponents defensively when things go that way.
Through two periods, the two teams were very quiet. Things really picked up when Justin Abdelkader unleashed a big hit, a moment that injected enough life into the proceedings for the Red Wings to eventually build a 3-1 win.
Maybe they’re slipping under the radar a bit compared to previous iterations of the team, but it’s interesting that the Red Wings are now undefeated in three games.
They’ve been impressive at times, too, outscoring opponents by a combined score of 11-4.
Call it a refreshing time after Mike Babcock or merely carryover from a subtly solid run last season, but either way, the Red Wings may just be able to keep up their end of a brewing rivalry.