The New Jersey Devils and Philadelphia 76ers have become the first major U.S.-based professional teams to sign a sponsorship deal with an online gambling company.
While other teams made the most of the lockout-shortened season, the New Jersey Devils missed the playoffs a year after making the Stanley Cup finals. There were injuries. There were slumps. It was not pretty.
The founder of one of the world’s largest private equity firms, Josh Harris and his group paid $320 million to Jeff Vanderbeek for the rights to the Devils and the lease to the Prudential Center.
A person familiar with the negotiations says several groups are vying to buy the financially-strapped franchise and there is a chance a deal might be done quickly.
Adam Aron stepped down as Philadelphia 76ers CEO on Monday and was replaced by former Madison Square Garden Sports president Scott O’Neil.