Vanderbeek expects to keep hold of Devs

BY foxsports • February 1, 2011

The managing partner of the New Jersey Devils has no desire to sell the NHL team and expects to maintain a controlling interest.

Devils chairman Jeff Vanderbeek says he and his partners have different visions for the franchise, and the minority owners Brick City are exploring a sale.

Brick City is the legal name for the Devils share owned by Ray Chambers and Mike Gilfillan, his son-in-law.

In a release, Vanderbeek says Brick City has a right under its partnership agreement to explore a sale, and that it has hired Moag & Co., a Baltimore-based investment bank, to assist in their attempt to sell their share of the team.

Bloomberg reported earlier Tuesday that Vanderbeek was possibly selling the team.