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SBD/August 12, 2013/Franchises
Harris' $240M Deal For Devils Awaiting Approval From NHL Owners, Creditors
Published August 12, 2013
END OF AN ERROR? In Newark, Craig Wolff wrote Harris is “arriving to rescue an organization steeped in its own financial troubles.” It was “widely reported that the loan established Barroway as the favorite to buy the team, but talks between Vanderbeek and Harris apparently intensified" last week. The sale to Harris would “close an eight-year chapter for the Devils with Vanderbeek as the majority owner -- a period that began with audacious dreams of transforming an organization, successful on the ice but seemingly adrift, playing in the Meadowlands, without a real identity.” Vanderbeek “fulfilled his ambitions, bringing the Devils to Newark, building the Prudential Center and adding a buzz to the city’s downtown.” But he "squabbled with city officials over just about everything" (Newark STAR-LEDGER, 8/10).