"Reacting to a New York Post report that claimed the Devils missed a $100 million loan payment on Sept. 1 and are on the verge of bankruptcy, the hockey team's business department issued an expansive statement today denying there is any valid reason for financial concern.

In fact, two people familiar with the relationship between the team and its lenders said the deadline for the loan payment had been pushed back almost two months and an agreement to sell a 47 percent share of the NHL club to someone other than Devils chairman Jeff Vanderbeek could be completed in the next 40 to 45 days.

If and when the agreement by partners Mike Gilfillan and Ray Chambers to sell their shares of Brick City LLC is approved by the NHL's board of governors, Vanderbeek will still own 47 percent of the Devils, the new owners will have a 47 percent share and Peter Simon will retain his 6 percent ownership stake."