NEWARK, N.J. (CBSNewYork/AP) — A new era has officially begun in Newark.
The new owners of the New Jersey Devils are keeping long-time executive Lou Lamoriello in charge of hockey operations, bringing in a new business team and committing to make the three-time Stanley Cup champions an organization looked toward as a model of excellence.
Philadelphia 76ers owner Josh Harris and business partner David Blitzer on Thursday bought the Devils and the lease to the Prudential Center from Jeff Vanderbeek for $320 million.
The deal was delayed roughly 15 minutes on Thursday morning because attorneys needed more time to sign off on the transfer of the financially strapped NHL team, which the league’s board of governor approved on Wednesday.
“What I am interested in is absolute success on and off the ice, and having the highest quality people and bringing the fans a great experience and winning,” said Harris, the co-founder of Apollo Global Management.
Harris dispelled rumors that he might consider moving the 76ers to Newark. He has a lease at the Wells Fargo Center with Comcast Spectacor, which also owns the NHL’s Flyers.