According to the Star Ledger, there are plenty of creditors not to happy with New Jersey’s professional hockey team. It seems as if the Devils have not paid the City of Newark for its new stadium’s sewer hookup, relocation expenses to local businesses that were displaced by construction, and invoices to various contractors. Additionally, the team has recently announced that it does not plan to pay its rent.
In its first eight months of operation, the arena brought in more than $30 million in revenue, but the authority will not know how much profit was made, if any, until it reviews the venue’s books later this year. Hopefully there will be some money left so the Devils can pay off the debt owed to their creditors.
