Dallas Stars v New Jersey Devils

Report: 76ers ownership group interested in buying Devils


The ownership group of the NBA’s Philadelphia 76ers — led by investment banker and majority partner Joshua Harris — is reportedly interested in buying the New Jersey Devils.

CSN Philly has confirmed the report, originally from Fox 29’s Howard Eskin, with “sources with knowledge of the situation.”

Tom Gulitti of NorthJersey.com also received confirmation from “two sources with knowledge of the Devils ownership process.”

The Devils have been searching for a new owner for quite some time, and have reportedly been in negotiations with Philadelphia-based attorney Andrew Barroway — but, according to Gulitti, Barroway’s sale agreement expired at the end of July without a deal being completed.

New Jersey’s current financial situation is cloudy at best. Owner Jeff Vanderbeek has spent much of the last two years feuding with Newark mayor Cory Booker, dealing with reports of unpaid loans and facing rumors of potentially defaulting on said loans.

In June, Forbes’ Mike Ozanian reported that Vanderbeek was $230 million in debt and suggested the Devils could be sold through a prepackaged bankruptcy sale, like the Dallas Stars were in 2011.

As for the Philly group? Here’s more, from CSN’s John Gonzalez:

According to Forbes, Harris is worth $2.1 billion. In 2011, he and the current Sixers ownership group bought the team for a reported $287 million. As of January 2013, Forbes valued the Sixers at $418 million.

Along with Harris, the new investment group is led primarily by David Blitzer. Blitzer, one of the Sixers’ owners, graduated magna cum laude from the Wharton School of Business. Blitzer is a senior managing director and head of tactical opportunities for Blackstone, the world’s biggest private equity firm by assets.

According to Bloomberg, Blackstone reported $3.3 billion in revenue last year. Blitzer, who joined the firm in 1991 and started its European private-equity business in 2002, reportedly manages a $1.5 billion fund on behalf of Blackstone.

It should be noted that, according to Gulitti’s sources, the Barroway group is still working on trying to buy the Devils and that, according to Gonzalez, the Harris group is considering a purchasing of “one of at least three different sports-related entities.”

Kings GM says Mike Richards went into ‘a destructive spiral’

Mike Richards

The Los Angeles Kings may owe Mike Richards money until 2031 (seriously), but in settling his grievance, the team and player more or less get to turn the page.

Not before Kings GM Dean Lombardi shares his sometimes startling perspective, though.

Lombardi has a tendency to be candid, especially in the press release-heavy world of sports management. Even by his standards, his account of Richards’ “destructive sprial” is a staggering read from the Los Angeles Times’ Lisa Dillman.

“Without a doubt, the realization of what happened to Mike Richards is the most traumatic episode of my career,” Lombardi said in a written summation he provided to the Los Angeles Times. “At times, I think that I will never recover from it. It is difficult to trust anyone right now – and you begin to question whether you can trust your own judgment. The only thing I can think of that would be worse would be suspecting your wife of cheating on you for five years and then finding out in fact it was true.”

Lombardi provides plenty of eyebrow-raising statements to Dillman, including:

  • He believed he “found his own Derek Jeter” in Richards, a player who “at one time symbolized everything that was special about the sport.”
  • Lombardi remarked that “his production dropped 50 percent and the certain ‘it’ factor he had was vaporizing in front of me daily.”
  • The Kings GM believes that he was “played” by Richards.

… Yeah.

Again, it’s a powerful read that you should soak in yourself, even if you’re unhappy with the way the Kings handled the situation.

Maybe the most pressing of many lingering questions is: will we get to hear Richards’ side of the story?

Coyotes exploit another lousy outing from Quick

Jonathan Quick

Despite owning two Stanley Cup rings, there are a healthy number of people who aren’t wild about Jonathan Quick.

Those people might feel validated through the Los Angeles Kings’ first two games, as he followed a rough loss to the San Jose Sharks with a true stinker against the Arizona Coyotes on Friday.

Sometimes a goalie has a bad night stats-wise, yet his team is as much to blame as anything else. You can probably pin this one on Quick, who allowed four goals on just 14 shots through the first two periods.

Things died down in the final frame, but let’s face it; slowing things down is absolutely the Coyotes’ design with a 4-1 lead (which ultimately resulted in a 4-1 win).


A soft 1-0 goal turned out to be a sign of things to come:

Many expected the Kings to roar into this second game after laying an egg in their opener. Instead, the Coyotes exploited Quick’s struggles for a confidence-booster, which included key prospect Max Domi scoring a goal and an assist.

It’s worth mentioning that Mike Smith looked downright fantastic at times, only drawing more attention to Quick’s struggles.


After a troubled summer and a failed 2014-15 season, Los Angeles was likely eager to start things off the right way.

Instead, they instead will likely focus on the fact that they merely dropped two (ugly) games.