Newark, N.J. - The same ownership group, led by Joshua Harris, that purchased the Philadephia 76ers in October 2011 is expressing serious interest in bidding to purchase the New Jersey Devils.
The Devils current owner, Jeff Vanderbeek, bought out his previous partners this past December and has been searching for replacements since. The Devils have had more financial problems following the lockout and failure to reach the playoffs for the second time in three years.
The Devils looked to have found new ownership in a group led by attorney Andrew Barroway, but had their bid expire.
Harris is co-founder of Apollo Global Management, a private equity firm and is worth billions of dollars. As of 2011, Harris had a net worth of $1.5 billion, but sources have listed his current net worth to around $2.5 billion.
According to some sources, Harris’ group has been expressing interest for several weeks now, and has shown a large amount of interest in purchasing the team from Vanderbeek.
Vanderbeek still wants to maintain a minority stake in ownership of the team.