New Jersey Devils owner Jeff Vanderbeek announced Thursday that the team has resolved its uncertain financial situation. According to a statement from Vanderbeek, the Devils have completed the refinancing of the team’s debt and Vanderbeek has now assumed sole ownership of the club. “Today’s announcement is good news for Devils fans, though I fully recognize fans’ [...]

Fans of the New Jersey Devils can take some comfort from a perceived lack of urgency in resolving the club’s financial issues. NHL reporter Chris Botta, via twitter: ”New Jersey Devils lenders could force team to bankruptcy tomorrow, but will likely wait until Collective Bargaining Agreement is resolved.” The ongoing financial saga of the New Jersey Devils may not begin and end [...]

New Jersey Devils owner Jeff Vanderbeek has less than a week to come up with the $20 million he owes creditors or he risks losing control of the team, according to a bombshell report in today’s New York Post. The situation is serious enough that Vanderbeek is already trying to cut a deal with lenders and the [...]

Quick Hit from around the NHL: Raleigh News & Observer reports that Cam Ward is expected to play for Team Canada in the 2012 IIHF World Championships. Ward would like to play for Canada in the 2014 Winter Olympics, assuming that the NHL agrees to let their players participate in that event. New Jersey Online reports that New Jersey Devils owner [...]