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September 12, 2011

New Jersey Devils Close To Bankruptcy, According To Report

"The New Jersey Devils have found themselves in financial hot water, according to a report in the New York Post. They're in default on a loan and could be declared bankrupt. Via the Post:

'The attendance-challenged, heavily indebted team missed its Sept. 1 loan payment, giving its lenders a breakaway chance to push the team into bankruptcy, a source with direct knowledge of the situation said.' "

Read more here.

September 12, 2011 in Current Affairs | Permalink


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