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David Blitzer and Joshua Harris acquire the Devils

Thursday, 08.15.2013 / 11:00 AM ET / News
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David Blitzer and Joshua Harris acquire the Devils

Newark, NJ – August 15, 2013 – David Blitzer and Joshua Harris today completed the purchase of the New Jersey Devils hockey team from the current ownership group controlled by Jeffrey Vanderbeek. The transaction includes the team’s long-term operating interest in the Prudential Center and related assets.

Scott O’Neil, Chief Executive Officer of the Philadelphia 76ers, will take on the additional role of Chief Executive Officer of the New Jersey Devils and the Prudential Center. In this role, Mr. O’Neil will lead the Devils’ business operations and work closely with Lou Lamoriello, the Devils’ President/General Manager. Mr. O’Neil will also oversee the Prudential Center and its broad entertainment offerings. Mr. Vanderbeek will work with the new ownership group as a senior advisor.

Before becoming CEO of the 76ers earlier this year, Mr. O’Neil was President of Madison Square Garden Sports, where he oversaw the business operations of three professional sports teams: the New York Rangers, the New York Knicks, and the New York Liberty.

“I am very excited about the opportunity to become involved with the Devils, an organization with a rich heritage and tradition of excellence, a passionate fan base, and a world-class arena in the Prudential Center,” said Mr. O’Neil. “I have long admired the on-ice success of this franchise under the guidance of Lou Lamoriello, and I look forward to working with him to bring the fans and business community a future of sustained success.”

“Josh Harris and I are thrilled to own the Devils and, as someone who was born and raised in New Jersey, I am especially excited by this unique opportunity,” said Mr. Blitzer. “Both of us have long admired the team for its passionate fans who reflect the character and commitment to winning that are trademarks of this organization. We want to thank Jeff Vanderbeek for his leadership of the Devils organization and his great work in bringing the Prudential Center to Newark. The Rock is a first-class entertainment venue, which will continue to grow and bring amazing talent to the city. Newark is showing positive signs of growth, and the Devils and the Prudential Center look forward to supporting this progress. We will be committed stewards of this great franchise and arena as we work closely with city and state leadership to ensure the Devils, their fans and the Newark and greater New Jersey community all share in the future success of their favorite team.”

“I’ve had the opportunity over the past week to spend a considerable amount of time with David Blitzer and Joshua Harris,” said Mr. Lamoriello. “There is no question in my mind about their commitment to the fans in creating the best possible in-game experience, their commitment to winning, and their ultimate goal of bringing the Stanley Cup back to the fans of New Jersey. Additionally, I have known Scott O’Neil for more than 10 years and have a tremendous amount of respect for the competency, work ethic and loyalty that he will bring to the New Jersey Devils and Prudential Center. I look forward to working with David, Josh, and Scott.”

“Today is an exciting day for the New Jersey Devils, the Prudential Center and the city of Newark,” said Mr. Vanderbeek. “David and Josh have the experience and passion needed to grow both the Devils and the Rock, and I look forward to working with them to ensure a smooth transition. I am confident they will carry on the great tradition of ‘Jersey’s Team’. I am proud of our accomplishments this past 10 years – most importantly, ensuring the Devils have a state of the art arena to call home in the great state of New Jersey.”

David Blitzer is a Senior Managing Director of Blackstone Group and Joshua Harris is Co-Founder of Apollo Global Management.

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STANDINGS

EASTERN CONFERENCE
  TEAM GP W L OT GF GA PTS
1 p - NYR 82 53 22 7 252 192 113
2 y - MTL 82 50 22 10 221 189 110
3 x - TBL 82 50 24 8 262 211 108
4 x - WSH 82 45 26 11 242 203 101
5 x - NYI 82 47 28 7 252 230 101
6 x - DET 82 43 25 14 235 221 100
7 x - OTT 82 43 26 13 238 215 99
8 x - PIT 82 43 27 12 221 210 98
9 BOS 82 41 27 14 213 211 96
10 FLA 82 38 29 15 206 223 91
11 CBJ 82 42 35 5 236 250 89
12 PHI 82 33 31 18 215 234 84
13 NJD 82 32 36 14 181 216 78
14 CAR 82 30 41 11 188 226 71
15 TOR 82 30 44 8 211 262 68
16 BUF 82 23 51 8 161 274 54

STATS

2014-2015 REGULAR SEASON
SKATERS: GP G A +/- Pts
A. Henrique 75 16 27 -6 43
M. Cammalleri 68 27 15 2 42
P. Elias 69 13 21 -20 34
S. Gomez 58 7 27 -10 34
S. Bernier 67 16 16 2 32
T. Zajac 74 11 14 -3 25
A. Larsson 64 3 21 2 24
A. Greene 82 3 19 1 22
E. Gelinas 61 6 13 -2 19
M. Ryder 47 6 13 -1 19
 
GOALIES: W L OT Sv% GAA
C. Schneider 26 31 9 .925 2.26
K. Kinkaid 6 5 4 .915 2.59