Who Owns The New Jersey Devils?


Who Owns The New Jersey Devils?

So, who owns the New Jersey Devils? Josh Harris and David Blitzer currently own the Devils franchise. They purchased the Devils in 2013 from the previous owner Jeffrey Vanderbeek for $320 million.

Harris also owns the Philadelphia 76ers of the National Basketball Association (NBA). Blitzer is a partner at The Blackstone Group, a private equity firm. Since taking over in 2013, they have only made the playoffs one time (2018) and have not returned since. Currently, the team is in a rebuilding phase and looking for sustained success in the future.

According to Forbes, as of the 2022-2023 season, the New Jersey Devils are worth $755 million dollars. This makes them the 15th most valuable National Hockey League (NHL) franchise.

How Did The New Jersey Devils Get Their Name?

The New Jersey Devils are named after the statuette known as the Jersey Devil, which is said to haunt the Pine Barrens of southern New Jersey. The legend of the Jersey Devil dates back to the 18th century when a woman named Deborah Leeds gave birth to her 13th child, a demonic-looking creature with hooves and wings. The creature quickly escaped into the woods and has been terrorizing the residents of the Pine Barrens ever since.

Courtesy of The Hockey Guy YouTube channel

About The New Jersey Devils Franchise

The New Jersey Devils are a professional ice hockey team based in Newark, New Jersey, and members of the Metropolitan Division of the Eastern Conference of the National Hockey League (NHL). The Devils won the Stanley Cup in 1995, 2000, and 2003.

The Devils were founded as the Kansas City Scouts in 1974. In 1982, they moved to Denver, Colorado, and became the Colorado Rockies. Two years later, they relocated to East Rutherford, New Jersey, and became the New Jersey Devils. The Devils have made twenty-three playoff appearances, including fourteen berths from 1997 to 2010. They have won nine division championships and reached the Stanley Cup Finals five times.

The New Jersey Devils have been involved in many intense rivalries throughout their history. Perhaps their most famous rivalry is with the New York Rangers, with whom they’ve played in the playoffs on multiple occasions. Other rivals of the Devils include the Philadelphia Flyers and the Pittsburgh Penguins. These two teams are located in Pennsylvania, which is geographically close to New Jersey, and they have also been frequent playoff opponents of the Devils.

Patrik Elias is the franchise’s all-time leading scorer, with 1,025 points. Martin Brodeur is the franchise’s all-time leader in wins and shutouts. He is also one of only three goaltenders to win the Stanley Cup three times with one team. Other great players in franchise history include Ken Daneyko, John MacLean, Claude Lemieux, and Jay Pandolfo.