View Full Version : Devils owner short, needs $20M more or may lose control of team

08-07-2012, 05:34
After trying for months to raise enough cash to pay off overdue loans, New Jersey Devils owner Jeff Vanderbeek is still short of his goal with just a week to go, The Post has learned.

The former Wall Street executive needs another $20 million to make the lenders happy, sources close to the situation said.

Angry creditors are poised to pounce on Aug. 14, these sources said.

Failure to come up with the funds could result in Vanderbeek losing control of the team.

Read more: http://www.nypost.com/p/news/business/devils_owner_short_QqFokmWaFqz2dPGspzu1lO#ixzz22rZ umekC