New Jersey Devils Sold to PE Execs Harris, Blitzer
The National Hockey League announced Thursday that David Blitzer and Joshua Harris completed the purchase of the New Jersey Devils hockey team from the current ownership group controlled by Jeffrey Vanderbeek. Financial terms weren't announced but a press report said the group led by Harris will pay more than $320 million. The deal includes the team’s long-term operating interest in the Prudential Center and related assets. Scott O’Neil, CEO of the Philadelphia 76ers, will take on the additional role of CEO of the New Jersey Devils and the Prudential Center. David Blitzer is a Senior MD of Blackstone Group, while Joshua Harris is Co-Founder of Apollo Global Management.
15 August 2013•4 mins read
