Kukla's Korner Hockey
by Monica McAlister on 08/14/13 at 06:46 PM ET
Following up to the post Paul made earlier about how the Cost To Buy The Devils could reach Well In Excess Of $300M the Devils Public Reltasions department has announced this evening that the Devils will be hosting a major news conference tomorrow (Thrusday, 15 Aug. 2013) at 11:00 a.m. EST.
According to Tom Gulitti at Fire Ice:
The official announcement will come in a Prudential Center news conference at a 11 a.m. Thursday that a controlling ownership share in the New Jersey Devils and the lucrative operating rights for the arena have been sold to a group headed by investment banker Joshua Harris, multiple sources told The Record.
An individual with knowledge of the sale agreement said Harris’s group will pay “more than $320 million,” a stunning price for a team that has been mired in debt.
Harris and his primary partner, David Blitzer, are also part of the group that purchased the Philadelphia 76ers for a reported $280 million in 2011.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
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