The New Jersey Devils can breathe a sigh of relief regarding their financial situation. The Devils announced Thursday at a press conference at the Prudential Center the new ownership group of the Devils, led by investment banker Joshua Harris.
“It is with great pride that I stand here today at the Prudential Center … and share with you the sense of excitement we have as the new owners of the New Jersey Devils,” Harris said at the press conference. ” … I can assure everyone here that David [Blitzer, co-owner] and I take the responsibility for being stewards of this great franchise seriously and we look forward to building excitement on and off the ice.”
New Jersey general manager Lou Lamoriello expressed his excitement for the new ownership group and the direction they are seeking to go.
“Over the past week or so I have had the great privilege and honor of getting together with Josh and David,” Lamoriello said. “I didn’t know either one prior to that and we have spent considerable time together and I can honestly stand here and say that each time that I did spend with them I got more impressed. … When you get to meet them, what you’re impressed with is the realism, the honesty, the up-frontness and being direct. In the conversations, what I took out of it was their commitment to excellence, their commitment to drive, to work ethic and never compromising honesty and integrity.
The team was reportedly sold to Harris’ group for $320 million.
This isn’t Harris’ first encounter with owning a professional team. The businessman is the principal owner of the Philadelphia 76ers.