Originally posted on Pro Sports Daily  |  Last updated 8/15/13
A new era for the New Jersey Devils began late Thursday morning with the announcement that the team has been sold to billionaire Josh Harris and co-owner David Blitzer. The sale has been approved by the National Hockey League. Harris a co-founder of Apollo Global Management one of the largest private equity firms in the world was introduced Thursday at a press conference at the Prudential Center the operating rights for which are included in the sale. Harris also owns the Philadelphia 76ers of the National Basketball Association. Scott O'Neil CEO of the 76ers will also be CEO of the Devils organization overseeing Devils business operations and Devils Arena Entertainment which includes the Prudential Center. The announcement and the approval of the sale by the NHL ends the nine-year ownership of Jeff Vanderbeek a period marked by several achievements none more significant than the club’s move from the Meadowlands to Newark. The switch lent cachet to the team as well as to the city’s downtown. Vanderbeek will remain with the organization as a senior adviser.
MORE FROM YARDBARKER

Manny Pacquiao trying to bait Conor McGregor into fighting him

Chad Johnson blasts Cowboys for poor playcalling in Twitter rant

Watch Chargers punter Drew Kaser somehow miss kicking net on practice attempt

Marvin Jones makes amazing catch in between Vikings defenders

Lions' Matthew Stafford suffers ankle injury on TD pass

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Chip Kelly could make decision by Sunday

Lane Kiffin reportedly would be open to Tennessee return

Jay Cutler reportedly throws passes in practice

Stefon Diggs shows off Eminem-themed cleats for Thanksgiving game in Detroit

Joel Embiid: I'm ‘the best defensive player in the league’

Mike Golic felt ‘anger’ over breakup of ESPN show

The 'Getting a leg up on the competition' quiz

What each NFL team should be grateful for this Thanksgiving

Raiders' fall from grace shows there's more work to be done

NFL Week 12 predictions

College football Week 13 predictions

The '303 yards and a cloud of dust' quiz

NBA Referee Hotline Bling: Kyrie Irving has unlimited range

Anthony Davis may never escape his biggest flaw

The 'Greatest show on flat Earth' quiz

NFL MVP Watch: Carson Wentz stands tall among the pack

Young Maple Leafs maturing their way to the NHL elite

The Eagles are soaring but to what heights?

Devils News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Yardbarker Privacy Policy and Terms of Service. You can opt out at any time. For more information, please see our Privacy Policy.

The 'Getting a leg up on the competition' quiz

What each NFL team should be grateful for this Thanksgiving

Raiders' fall from grace shows there's more work to be done

NBA Referee Hotline Bling: Kyrie Irving has unlimited range

The '303 yards and a cloud of dust' quiz

Anthony Davis may never escape his biggest flaw

NFL Week 12 predictions

NFL MVP Watch: Carson Wentz stands tall among the pack

The 'Greatest show on flat Earth' quiz

Young Maple Leafs maturing their way to the NHL elite

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker