The sale price was reported to be roughly 320 million dollars and included the Devils arena in the Prudential Center.
Former majority owner Jeff Vanderbeek is retaining a small (reported to be five percent) interest in the team as well.
One thing that will not change is the man running the organization and making the decisions on personnel as Lou Lamoriello will remain as the top person in charge.
The Harris/Blitzer group talked to Lamoriello before buying the team and seemed to find a rapport with Lou,who was able to happily agree to continuing to run the show.
That is quite a relief to me as I did have some concerns on any new ownership deciding to bring in their own man instead of the man that built this proud organization.
A good first move and one that reflects well on the ownership involved....
It may be too late for this upcoming season,but the Devils will certainly have financial firepower to attempt to replace Ilya Kovalchuk during next off-season.
It will be nice to not have the financial issues hanging over the head of the team when free agents are available and the team will be able to play the game with the best of them.
Back later with thoughts on the breaking news of the Hagerstown Suns reaching an agreement with Fredericksburg....
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