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How the hell did Bryzgalov get so bad so fast? He used to be a pretty good goalie, and I thought when the Flyers signed him, it was a smart move. But he's been horrible this post season.
Uh... what?
More like horrible this WHOLE season.
The Devils are “very close” to a deal in which a new investor will pay down the company’s $80 million in overdue debt and give Vanderbeek until the start of next season to raise new capital.
But the financial lifeline comes with strings attached, these sources said.
If Vanderbeek can’t line up additional capital by the fall, he would be forced to sell the team, sources said.
For the last several months, the National Hockey League has funded Devils operations — advancing the team almost $10 million against future revenue.
It has become clear that the future of the Devils franchise is at stake if it cannot quickly arrive at a solution.
The new investor would contractually force Vanderbeek, if he does not raise significant additional money by the start of next season, to sell the team, sources said.
But the amount of money Vanderbeek needs in order to fully rescue him from his quagmire is more than the team would ring up — even if it went deep into the playoffs, sources said.
Vanderbeek is working with little-known investment bank, Three Ocean Partners, to raise new equity, and is pretty far along, a source said.
The Devils were unavailable for comment.
Aww shit. Forgot Caps have Mike Knuble, which balances it out.