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Announcement Expected Today In Josh Harris' Purchase Of Devils

An announcement is expected today at Prudential Center that a group headed by 76ers Majority Owner Josh Harris has purchased a "controlling ownership share in the Devils and the lucrative operating rights for the arena." A source said the group will pay more than $320M. The arena is a "major attraction to the new owners." A source said that the "last remaining hurdle in the Devils' sale" was cleared yesterday when the NHL BOG approved the transfer of ownership from Jeff Vanderbeek, who "will retain a small ownership stake and a role in the organization" (Bergen RECORD, 8/15).

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