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David Blitzer and Joshua Harris acquire the Devils

Thursday, 08.15.2013 / 11:00 AM / News
New Jersey 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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EASTERN CONFERENCE
  TEAM GP W L OT GF GA PTS
1 p - BOS 82 54 19 9 261 177 117
2 y - PIT 82 51 24 7 249 207 109
3 x - TBL 82 46 27 9 240 215 101
4 x - MTL 82 46 28 8 215 204 100
5 x - NYR 82 45 31 6 218 193 96
6 x - PHI 82 42 30 10 236 235 94
7 x - CBJ 82 43 32 7 231 216 93
8 x - DET 82 39 28 15 222 230 93
9 WSH 82 38 30 14 235 240 90
10 NJD 82 35 29 18 197 208 88
11 OTT 82 37 31 14 236 265 88
12 TOR 82 38 36 8 231 256 84
13 CAR 82 36 35 11 207 230 83
14 NYI 82 34 37 11 225 267 79
15 FLA 82 29 45 8 196 268 66
16 BUF 82 21 51 10 157 248 52

STATS

2013-2014 REGULAR SEASON
SKATERS: GP G A +/- Pts
J. Jagr 82 24 43 16 67
P. Elias 65 18 35 -4 53
T. Zajac 80 18 30 3 48
A. Henrique 77 25 18 3 43
M. Zidlicky 81 12 30 -3 42
M. Ryder 82 18 16 -6 34
A. Greene 82 8 24 3 32
E. Gelinas 60 7 22 -3 29
D. Zubrus 82 13 13 1 26
R. Clowe 43 7 19 -10 26
 
GOALIES: W L OT Sv% GAA
C. Schneider 16 15 12 .921 1.97
M. Brodeur 19 14 6 .901 2.51

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