User ID
  Forgot User ID
or Register Today!
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Betting Tools

76ers' owner Harris buys NHL's Devils

New customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

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

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.

Harris announced that Devils general manager and president Lou Lamoriello, who has been the architect of the team's three titles, will remain with the club.

Scott O'Neil, who serves as chief executive officer of the 76ers, will come to the Devils in the same role. He previously has spent four years with Madison Square Garden sports as chief executive.

Vanderbeek, who has been the majority owner of the Devils since 2004, will remain with the Devils as a senior adviser.

While Harris owns the 76ers, he leases space at the Wells Fargo Center from Comcast Spectacor, which also owns the NHL's Flyers. He also slammed the door on theories that he might move the basketball team to Newark.

``The Sixers are staying in Philly,'' Harris said.

Having the lease at the Prudential Center, Harris has a chance to earn money from concerts and other events, and he might leverage ``The Rock'' as a way to get a better deal in Philadelphia.

The Devils won the Stanley Cup in 1995, 2000 and 2003, and won additional Eastern Conference championships in 2001 and 2012. They missed the playoffs in the recent lockout-shortened season and were stunned when 30-year-old superstar forward Ilya Kovalchuk decided to play in his native Russia.

The Devils moved to New Jersey in 1982, playing at the Meadowlands after relocating from Colorado.

The Associated Press News Service

Copyright 2015
The Associated Press
All Rights Reserved

News: Grand Salami - November
Rangers most valuable NHL franchise
Hurricanes' F Gerbe out 4-6 weeks
NHL COO Collins departs after 7 years
Sharks sign F Dainius Zubrus
Blues forward Stastny set to return
Why Buy Picks From
NHL Pro Hockey Handicapper Sports Picks Records
NHL Hot Streaks
7-0 +715 L7 Picks, 7-3 G-Plays TY
6-3, +565 Last 9 G-Plays
+1,711 Net Profits This Year
+1,415 NHL This Season
9-4 L7 Days, 10-4 +664 G-Plays
NHL Pro Hockey Expert Sports Picks- Kevin Rogers
Money Leaders
Handicapper Money
Kevin Rogers + 1711
Alex Smith + 1415
Gary Bart + 906
Last 7 Day Leaders
Handicapper Money
Gary Bart + 532
Don Anthony + 415
Bill Marzano + 290
Over-Under Leaders
Handicapper Money
Don Anthony + 500
Bill Marzano + 323
Alex Smith + 293
Guaranteed Leaders
Handicapper Money
Kevin Rogers + 1443
Gary Bart + 1434
Bruce Marshall + 562
Yesterday's Leaders
Handicapper Money
Bruce Marshall + 155
Don Anthony + 100
Member Leaders
Handicapper Money
Alex Smith + 1153
Kevin Rogers + 268
Gary Bart + 200
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership