NEWARK NJ - JULY 20: Team owner Jeff Vanderbeek and Ilya Kovalchuk of the New Jersey Devils field questions during a media opportunity announcing Kovalchuk's contract renewal at the Prudential Center on July 20 2010 in Newark New Jersey. (Photo by Bruce Bennett/Getty Images)

New Jersey Devils Ownership Crisis: Team Could Be Seized By NHL

The NHL is close to seizing the New Jersey Devils from owner Jeff Vanderbeek due to the team's large pile of debt, Josh Kosman of the New York Post reported on Monday.

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New Jersey Devils Close To Being Seized By NHL, According To Report

The NHL is close to seizing the New Jersey Devils from owner Jeff Vanderbeek due to the team's large pile of debt, Josh Kosman of the New York Post reported on Monday.

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