Philadelphia 76ers Owner Buys NJ Devils

NEWARK – The New Jersey Devils officially announced this morning that the team has been sold to Josh Harris and David Blitzer. The sale, which has been approved by the National Hockey League, also includes the operating rights for the Prudential Center.

Harris is a billionaire who also owns the Philadelphia 76ers basketball team and is co-founder of Apollo Global Management. Blitzer is senior managing director of the Blackstone group and has a minority ownership share of the 76ers.

“Josh Harris and I are thrilled to own the Devils and, as someone who was born and raised in New Jersey, I am especially excited by this unique opportunity,” said Blitzer. “ We will be committed stewards of this great franchise and arena as we work closely with city and state leadership to ensure the Devils, their fans and the Newark and greater New Jersey community all share in the future success of their favorite team.”

Former owner Jeff Vanderbeek, who moved the team from the Meadowlands to Newark in 2007, will remain with the team as a senior advisor.

“David and Josh have the experience and passion needed to grow both the Devils and the Rock, and I look forward to working with them to ensure a smooth transition,” said Vanderbeek. “I am confident they will carry on the great tradition of ‘Jersey’s Team’. I am proud of our accomplishments this past 10 years – most importantly, ensuring the Devils have a state of the art arena to call home in the great state of New Jersey.”

Scott O’Neil will serve as the CEO of the Devils organization, overseeing the team’s business operations as well the Prudential Center’s entertainment offerings. He will remain the CEO of the 76ers; prior to holding that job, he was the president of Madison Square Garden Sports where he oversaw the business operations of the New York Rangers, New York Knicks and New York Liberty.

“I am very excited about the opportunity to become involved with the Devils, an organization with a rich heritage and tradition of excellence, a passionate fan base, and a world-class arena in the Prudential Center,” said O’Neil. “I have long admired the on-ice success of this franchise under the guidance of [Devils President/General Manager] Lou Lamoriello, and I look forward to working with him to bring the fans and business community a future of sustained success.”

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