Aug 14, 2013, 9:58 AM EDT
A group led by billionaire Josh Harris’ efforts to purchase the New Jersey Devils from Jeff Vanderbeek for about $240 million seems to be going very well. In fact, it looks like the NHL’s Board of Governors might approve the sale tomorrow, according to a Bergen Record source.
There are also a pair of Star-Ledger sources who spoke on the issue, with one saying the deal would be finalized Thursday and the other calling it the “target” date.
As of last night, there were still issues to be ironed out, but nothing that was anticipated to hold up the deal. Harris will assume the Devils’ debt, which is reportedly $161 million owed to banks, $30 million to Philadelphia attorney Andrew Barroway, and $34 million to the league. Vanderbeek is also expected to keep a minority stake in the team.
Harris helped found Apollo Global Management, which is a private equity firm, and is the current owner of the Philadelphia 76ers.
- Happy now? Kessel dropped 13 lbs. this summer 15
- Rich Peverley retires from NHL, joins Stars’ front office 9
- Update: Multiple witnesses reportedly subpoenaed in Patrick Kane rape investigation 37
- Jonathan Toews talks about the Patrick Kane situation 28
- Voynov detained by U.S. Immigration and Customs Enforcement 26
- Ex-‘Hawks goalie Raanta tees off on former club 31
- Report: Hawks feel Kane ‘disrespected’ team, have received trade calls 119
- Hawks’ biggest question: What happens with Patrick Kane? 82
- Hall of Famer Al Arbour passes away 22
- Poll: Who will be San Jose’s next captain? 24
- Report: Hawks feel Kane ‘disrespected’ team, have received trade calls (119)
- Hawks’ biggest question: What happens with Patrick Kane? (82)
- Report: Hawks’ Kane has not been asked to waive his no-move clause (49)
- Lucic jokes about running through Rask ‘like I did (to) another goalie’ (43)
- It’s Chicago Blackhawks day at PHT (41)