NEWARK, NJ-The financially troubled New Jersey Devils hockey club is on the verge of being sold. However, whichever group winds up acquiring the team, the Devils will continue to maintain their home at the Prudential Center here.
After months of uncertainty and a report by Forbes that the National Hockey League might have to take over the Devils, multiple sources informed The Record on Thursday that a deal, which would result in current owner Jeff Vanderbeek giving up controlling interest in the team and operating rights of Prudential Center in Newark, was imminent.
Published reports indicate a group headed by Philadelphia-area attorney Andrew Barroway remains in the running to acquire the team. Barroway's group has invested more than $30 million in the Devils to help cover the team's pension and escrow payments. Also vying to take control of the Devils is the NBA's Philadelphia 76ers ownership group, headed by investment banker Josh Harris, according to multiple published reports. See story in The Record.
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