"Josh Harris and I are thrilled to own the Devils and, as someone who was born and raised in New Jersey, I am especially excited by this unique opportunity," Blitzer said in a statement. "Both of us have long admired the team for its passionate fans who reflect the character and commitment to winning that are trademarks of this organization. We want to thank Jeff Vanderbeek for his leadership of the Devils organization and his great work in bringing the Prudential Center to Newark. The Rock is a first-class entertainment venue, which will continue to grow and bring amazing talent to the city."
Blitzer and Harris are also part of a group that owns the NBA's Philadelphia 76ers.
Scott O'Neil, CEO of the 76ers, has been brought on as CEO of the Devils and the Prudential Center.
"I am very excited about the opportunity to become involved with the Devils, an organization with a rich heritage and tradition of excellence, a passionate fan base, and a world-class arena in the Prudential Center," said O'Neil. "I have long admired the on-ice success of this franchise under the guidance of Lou Lamoriello, and I look forward to working with him to bring the fans and business community a future of sustained success."
Vanderbeek will work with the new ownership group as a Senior Advisor.