Star-Ledger file photo Devils co-owner Ray Chambers is looking to relinquish his stake in the Devils as part of an exit strategy aimed to help the financially struggling franchise refinance its debt.

Alex Meruelo has agreed to and signed all of the necessary agreements and paperwork to relinquish his rights to the Coyotes. The process is complete. — Craig Morgan (@CraigSMorgan) July 10, 2024 ...