76ers Ownership In Bidding For The New Jersey Devils
The interest by the 76ers ownership group which is headed by investment banker Josh Harris was first reported by WIP radio in Philadelphia and confirmed to The Record by two sources with knowledge of the Devils ownership process. One source said that Harris group became involved after a sale agreement with a group headed by attorney Andrew Barroway technically expired last month without a deal being completed.
Coincidentally Barroway was involved in a group that made a failed bid to buy the 76ers before Harris group made the purchase.
Barroways group is still heavily involved in attempting to buy the Devils the source said and already has gone far down the road in reaching deals with the NHL and lenders. According to a Forbes report in late June Barroways group already loaned the Devils $30 million to help solidify their financial situation and cover pension and escrow payments.
Source: Pro Sports Daily