OTTAWA — The Devils’ ownership situation remains unsolved and in limbo with the sale of part of the team not on the agenda for approval by the NHL Board of Governors here today.
Instead, the Governors are expected to hear an overview of the Devils’ financial situation, perhaps including the possible transfer of Ray Chambers’ 47 percent stake in the team.
Chambers was to pay $25 million to walk away from his share of the team. That unusual plan has not been approved by the Governors, and its absence from today’s agenda could be significant.
The board may also be briefed on alternate plans for keeping the Devils out of bankruptcy this summer. The team is believed to have an $80 million payment hanging over its head, with more said to be coming soon.
The Governors are also expected to hear overviews of some other teams’ financial situations, probably including Phoenix.