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Report: Purchase price agreed on for Devils

Aug 9, 2013, 5:23 PM EST

Joshua Harris Getty Images

If a report from FOX 29’s Howard Eskin (Philadelphia) is accurate, the New Jersey Devils could have themselves a new owner very soon.

Eskin tweets that billionaire Joshua Harris, the managing owner of the NBA’s 76ers, has agreed on a purchase price to buy the Devils from current owner Jeff Vanderbeek. That purchase price would apparently cover Vanderbeek’s debt, which has been reported in the neighborhood of $230 million.

If Harris (and his investment group) do end up buying the Devils, it has to be considered good news for fans of the financially-troubled franchise. According to Forbes, Harris — the co-founder of private equity firm Apollo Global Management — is worth $2.1 billion.

Related: 76ers ownership group reportedly interested in buying Devils

  1. xxakshunxx - Aug 9, 2013 at 6:21 PM

    So as an owner of a team in that building(76ers) can he sit in on practices and the like of some stuff with the Flyers and get inside knowledge on a division rival??

    • atwatercrushesokoye - Aug 9, 2013 at 10:54 PM

      Number 1 the Fluers have their own practice facility, number 2, what inside info can you get in hockey? They practiced getting it down low on the power play…they really focused on cycling the puck….they finished practice working on the shoot out. It’s not like football where there are trick plays or general game plan themes.

      • xxakshunxx - Aug 9, 2013 at 11:32 PM

        Even sitting on a practice and finding out which players on the Flyers may be hurt or nursing undisclosed injuries.. Any little thing would help, and to assume these guys are above cheating would be stupid, just look at the Patriots in the NFL

    • atwatercrushesokoye - Aug 10, 2013 at 3:18 AM

      Granted they could get info on injured players and that, although I’m not sure that outside of a playoff series that would be that big of a deal. I also understand what you’re saying about the Patriots but with them they were videotaping walk throughs, which would basically tell them the oppositions gameplan, as well as defensive signals which obviously gave them a huge advantage. In hockey there aren’t specific plays constantly being run and generally it’s my 6 guys v your 6 guys, I just don’t think it’s much of an advantage.

      If it were I’m sure the Flyers would say something.

  2. pkswally024 - Aug 9, 2013 at 6:41 PM

    Very interesting stuff

  3. tackledummy1505 - Aug 10, 2013 at 12:17 AM

    The news shouldn’t be what’s in store for this franchise to get players, but what’s in store for this franchise staying where it’s at. I understand they got a new stadium and I don’t know how long their locked in there for, but I could definitely see this franchise invading Flyers village. Team possibly moving to the southern part of Jersey or even coming into Pennsylvania or maybe Baltimore. Anyway you look at it, I don’t see this franchise staying where it’s at for a long time.

    • letsgocaps88 - Aug 10, 2013 at 2:17 AM

      I’m from Baltimore and a huge fan of the game. I’ve own season tickets for the capitals for about 7 years. I make the commute to DC very often. I remember the Baltimore bandits as a youngin and loved the fact that i Iived 2 miles away from the Arena. Baltimore has a huge hockey history with the clippers and the skipjacks , bandits. The owner of first mariner bank wanted to build a new arena but the city shot it down. Baltimore is like a mini Detroit big picture wise. More money going in then coming out. With the caps recent success it’s nice to not have to ask bars to put the game on or when you ask for hockey they look at you like a deer in the head lights. I was in Michigan and buffalo wild wings had the red wings game on the projector, I got jealous. Was in hockey heaven

    • mpg44 - Aug 10, 2013 at 12:53 PM

      25 year lease at the rock. Sad news for the flyers and rangers , The devils are staying put for a long time.

  4. beergold - Aug 10, 2013 at 6:20 AM

    Personally I like the sound of the Seattle Sea Devils!

  5. davidpuddy720 - Aug 10, 2013 at 3:12 PM

    Tackle dummy- you are a dummy. Do your hw, devils locked in for more than 20 years. Even if he coukd, Why would the owner move the team to flyer country? It would be an awful business move

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