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Report: Purchase price agreed on for Devils

Joshua Harris

If a report from FOX 29’s Howard Eskin (Philadelphia) is accurate, the New Jersey Devils could have themselves a new owner very soon.

Eskin tweets that billionaire Joshua Harris, the managing owner of the NBA’s 76ers, has agreed on a purchase price to buy the Devils from current owner Jeff Vanderbeek. That purchase price would apparently cover Vanderbeek’s debt, which has been reported in the neighborhood of $230 million.

If Harris (and his investment group) do end up buying the Devils, it has to be considered good news for fans of the financially-troubled franchise. According to Forbes, Harris -- the co-founder of private equity firm Apollo Global Management -- is worth $2.1 billion.

Related: 76ers ownership group reportedly interested in buying Devils