Oren Koules not looking to buy or invest in Devils, according to report

Jim McIsaac

According to sources, Oren Koules is not attempting to become a minority shareholder in the New Jersey Devils. Deputy commissioner Bill Daly provided comment on the situation.

Former Tampa Bay Lightning owner Oren Koules is not attempting to buy a minority stake in the New Jersey Devils, according to Tom Gulitti of the Bergen Record.

Citing sources, Gulitti reports that the tandem of Kroules and Brian Lawton are not looking to buy or invest into the Devils' franchise. While Koules was interested in investing in the Phoenix Coyotes, he is reportedly no longer involved in that situation.

The New York Post originally reported that Devils' owner Jeff Vanderbeek failed to make a $3 million interest payment in April. This comes a few months after Vanderbeek had restructured the team's debt. According to the Post's account, the NHL was looking for minority shareholders to help absolve some of the Devils' debts.

NHL deputy commissioner told Guilitti that the league is not concerned about the long-term stability of the Devils in Newark and denied the accuracy of the report.

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