New owner of the New Jersey devils is to keep the long Lou Lamoriello responsible for hockey, introduce a new business team, committed to make the Stanley cup champion three times an organization as a model to excellence.
The Philadelphia 76 ers boss josh Harris and business partner David Blitzer on Thursday bought a demon and the lease from Jeff Vanderbeek prudential center for $320 million.
The deal had been delayed by about 15 minutes on Thursday morning because lawyers need more time to sign the transfer of the financial difficulties of the NHL team, the governor of the alliance's board of directors on Wednesday for approval.
"I'm interested in is absolutely successful ice, a man of high quality, make a great experience, won the fans," Harris said, one of the founders of Apollo global management.
Harris to dispel rumors that he might consider moving to Newark 76 ers.He has a lease in Wells Fargo and comcast Spectacor center, also has the national hockey federation of leaflets.
"People are now living in Philadelphia," Harris said.
He added that he and Blitzer think buying the devil, he lost 76ers hockey custom iron on transfers about $25 million over the past year, and the lease as a chance to help a struggling franchise.
"We already have a lot of success in literally the best, the best identification of a management team, and then bring them into, let them do their thing, to justice," Harris said.Interference "other people may like it. We like to do what is in essence is consistent with the vision of what a business plan, then resources and allow people to do their job."
Lamoriello has been the architect of the evil fate since 1987, it won't change.
"I want him to stay here another 26 years," Blitzer said 70 - year - old President and general manager.
Lamoriello declined to say whether the new master gave him a blank check, but added "they have the determination to win."
Harris and Blitzer choose Scott o 'neill as chief executive of the devil, but also with the 76 ers.The chief executive of the former Madison square garden sports will use the two teams and Hugh weber, the former President of the New Orleans hornets, daily business leaders in Newark.
Harris and Blitzer, who is a senior managing director at the blackstone group, the need to complete the transaction after about a week of negotiations with the Philadelphia lawyer Andrew Barroway fell through.Harris said he asked about buying team a few months ago but they postponed because Vanderbeek has been involved in negotiations with another suitor.
Vanderbeek, majority owner of devil since 2004, will remain with the devil as a senior adviser.He has a complex emotions in a 10-year off he led efforts to build "the rock" but you can't raise enough money to maintain the team.
"Of course this is bittersweet," said Vanderbeek, who declined to say whether he retained a minority share team."There are other opportunities along the way may do things in different ways. But do you know? At some point, you have to think about the future, more overall, it's the right thing to do, when it comes to."
Harris said to prudential get leasing center is an essential part of the deal, because the concert in what has been an underutilized facilities will be common currency this year.
The devil won the Stanley cup in 1995, 1995 and 1995, additional east championship in 2001 and 2012.They missed the playoffs in the recent lockout-shortened season, let the star striker, 30, Ilya Kovalchuk decided to play in his native Russia.
In 1982, moved to the New Jersey devils, moved from Colorado after playing in the grass.
"This is positive for this series, building and Newark," said Gary Bettman commissioner."There are great ownership and resources, talents to the team and build to the next level."
Harris and Blitzer to continue this trend rich financier buy sports team.
Some people may want a plaything or bragging rights.Others to see their team is a legal way of investment diversification just stocks and bonds.
And have a sports team is not necessarily a great way to introduce a consistent cash profits, owners can make money, if they are in the team and the sales profit, it is just on the way to the private equity firms and troubled companies.
Some financiers to owners, such as Stuart sternberg's Tampa bay rays or John Henry, the red sox.David tepper owned the Pittsburgh steelers, and the owner of the mark is the major Attansio Milwaukee brewers.Steve Cohen has a metropolitan hedge fund operators.
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