76ers Owner Buys NHL Team 8/16/13
NEWARK, N.J. - 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.
Harris 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.