NHL Approves New Jersey Devils Sale to 76ers Owner Josh Harris

The National Hockey League (NHL) has approved the sale of the New Jersey Devils to Philadelphia 76ers owner Josh Harris.

The founder of one of the world’s largest private equity firms, Harris and his group paid $320 million to owner Jeff Vanderbeek for the rights to the Devils and the lease to the Prudential Center.

The deal was ironed out by the attorneys for the two sides on Thursday morning.

Harris, whose main partner is fellow equities investor David Blitzer, needed roughly a week to close the deal after talks with Philadelphia attorney Andrew Barroway fell through.

In a statement the NHL’s board of governors ratified the deal “The National Hockey League’s Board of Governors approved the sale of the New Jersey Devils to the partnership of David Blitzer and Joshua Harris.”

Vanderbeek will remain with the Devils as a senior adviser.

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