Buyers Line Up For Devils
NEWARK, N.J. (AP) — A person familiar with the negotiations says several groups are vying to buy the financially strapped New Jersey Devils, and a deal should be completed by the start of the NHL season.
Philadelphia 76ers owner Josh Harris heads one group trying to buy the three-time Stanley Cup champions and Calgary billionaire Bill Gallacher is another.
The team will not relocate, the source said, adding that owner Jeff Vanderbeek will retain a minority ownership with the Devils.
Source: Associated Press