Josh Harris buys Devils

new jersey devils owner josh harris 2014 stanely cup finals odds

NEWARK, N.J. (AP) - Philadelphia 76ers owner Josh Harris is the new owner of the New Jersey Devils.

View 2014 Stanley Cup Futures

The founder of one of the world's largest private equity firms. Harris and his group paid $320 million to Jeff Vanderbeek for the rights to the Devils and the lease to the Prudential Center.

The deal was announced Thursday morning after the attorneys for the two sides took about 15 extra minute to sign off on the transfer of the financially strapped three-time Stanley Cup champions.

Harris, whose main partner is fellow equities investor David Blitzer, needed roughly a week to close the deal after talks with Philadelphia attorney Andrew Barroway fell through.

The NHL's board of governors approved the deal on Wednesday.

Vanderbeek will remain with the Devils as a senior adviser.

Bet 2014 Stanley Cup Futures

Want More From TheSpread.com? Follow us on Twitter and Facebook or Subscribe to Our News Feeds!

 

NHL Top Stories

Thumbnail Penguins vs. Capitals Game 2 Pick Will the Washington Capitals and Pittsburgh Penguins have a high-scoring game when they meet up tonight at 8PM ET in Game 2 of their...
Thumbnail Rangers vs. Senators Game 2 Pick Will the Ottawa Senators pick up another win at home when they host the New York Rangers today at 3PM ET in Game 2 of their...
Thumbnail Oilers vs. Ducks Game 2 Pick Will the Anaheim Ducks bounce back from their Game-1 loss to the Edmonton Oilers when the two meet up in Game 2 tonight at 10:30PM...
Thumbnail Predators vs. Blues Game 2 Pick Can the St. Louis Blues even up their series with the Nashville Predators when they meet up tonight at 8PM ET?
Thumbnail Penguins vs. Capitals Game 1 Pick Will the Washington Capitalsavoid another slow start to a series when they host the Pittsburgh Penguins...

NHL Headlines

NHL Team Pages