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Report: Sixers owners trying to buy NHL’s Devils

Aug 8, 2013, 8:00 AM EDT

Joshua Harris

There are some NBA owners who also own NHL teams. Ted Leonsis owns both the Washington Wizards and Capitals; the Kronke family owns both the Nuggets and Avalanche in Denver, for example.

The Sixers ownership group led by Joshua Harris would like to join the club.

They are looking to buy the New Jersey Devils, reports CSNWashington.com’s John Gonzalez.

Multiple sources with knowledge of the situation confirmed (Fox 29 Howard Eskin’s) report, but they also indicated that Harris’s group has considered purchasing one of at least three different sports-related entities. The Devils are among those potential investments. Harris’s group, which includes former Sixers CEO Adam Aaron, is believed to be relatively small, but the acquisition team working on its behalf is at least 12 people deep.

The Devils are worth $205 million according to Forbes Magazine. The same publications estimates Harris’ value at $2.1 billion. I’m no financial wizard, but I guess he can probably afford the deal.

The owner of the Devils also owns the Prudential Center in Newark and reportedly in debt there as well. That is the building where the Nets played after leaving the Meadowlands and before moving to Brooklyn.

  1. mustbechris - Aug 8, 2013 at 8:38 AM

    he’s going to take nerlens noel and move the sixers up to Newark. scumbag

  2. deadeyedesign23 - Aug 8, 2013 at 9:01 AM

    Already in one sport that locked players out because it was “failing” and buying a team in a second?

    Remember this next time you hear a scumbag owner tell you they can’t make money.

  3. ironpeddler255 - Aug 8, 2013 at 10:13 AM

    I know one of the principles in this investors group. All of the people involved are ‘sports fans first’ and business owners second when it comes to there involvement. They are all great guys that love and bleed sports and are not looking to make a quick buck on this deal…it’s about fulfilling their dreams of being sports franchise owners since they were kids.

    You’ll see great things from them in the coming years.

  4. chargerdillon - Aug 8, 2013 at 11:09 AM

    This guy has done NOTHING to make Philly a credible contender in the NBA, so clearly he deserves to bury another franchise in another sport right?

    Money talks and logic walks

    • asimonetti88 - Aug 8, 2013 at 11:42 AM

      They’ve owned the team for less than two years. Give it a chance.

    • nj666 - Aug 8, 2013 at 2:50 PM

      He really wouldn’t have much to do with actual hockey operations. The devils have a quality GM to do that.

  5. dannythebisforbeast - Aug 8, 2013 at 9:53 PM

    Something tells me you didn’t go to college with one of the PRINCIPALS.

  6. dannythebisforbeast - Aug 8, 2013 at 9:55 PM

    And THEIR childhood dream of OWNING a sports team..only after they realized they sucked as athletes

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