Tuesday, February 1, 2011

DEVELOPING: Devils On The Block, UPDATE: It's The Minority Side

((HT:Sportsnet Radio/FAN590 Toronto))

How's this for starting your post-All Star Game run to the playoffs...

Or not...

Bloomberg News is reporting that New Jersey Devils' owner Jeffrey Vanderbeek has hired investment bank Moag & Co. in Baltimore to oversee the potential sale of the club and that he has sent letters to prospective buyers soliciting interest.

No word on who those owners-of-interest would be and whether or not some of those same individuals stances on playing in Newark are at present...

1800 UPDATE: Vanderbeek admitted publicly that he and his partners have different visions for the franchise, and the minority owners Brick City are exploring a sale.

Brick City is the legal name for the Devils share owned by Ray Chambers and Mike Gilfillan, his son-in-law.

In a release, Vanderbeek says Brick City has a right under its partnership agreement to explore a sale, and that it has hired Moag & Co. to do it...

That's where they come in to all this...

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