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Bloomberg News: Devils for sale, source says

Nick Palmieri #32 and Henrik Tallinder #7 of

Nick Palmieri #32 and Henrik Tallinder #7 of the New Jersey Devils celebrate a goal by Palmieri in the first period against the Pittsburgh Penguins. (Jan. 20, 2011) Photo Credit: Getty Images

Bloomberg reporting that team, owned by Jeff Vanderbeek, has hired Moag & Co. to oversee.  Have not confirmed whether this is entire team or piece, like the Wilpons/Mets affair.

The Kovalchuk contract, which Mr. Vanderbeek lobbied for, may be a tipping point, Attendance not great.  But value of team is probably millions higher than when he purchased.

Plenty of storylines, fallout here: What does this mean for future of team in NJ? Are there enough willing local investors to stay in Newark? Is Winnpeg a possibility?

Will Zach Parise still be around? Lou?

I've got my hands full covering the Rangers, but this could have major ripple effects in the New York market.  Maybe anti-Rangers fans would shift allegiances to Isles?

And wonder if any potential new Isles owners -- would consider a move to Newark?

 

 

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