New Jersey Devils owner Joshua Harris takes in the game between the Devils and the Chicago Blackhawks at the Prudential Center on December 9, 2014 in Newark, New Jersey. The Blackhawks defeated the Devils 3-2 in the shootout. (Photo by Bruce Bennett/Getty Images)
The Harris-Blitzer group that bought the New Jersey Devils back in 2013 is very happy with their investment today. They bought the Devils from Jeff Vanderbeek for $320 million as they tried to keep the Devils from bankruptcy. Now, the Devils are worth $530 million. That is even with a 4% drop in valuation, likely due to COVID-19’s questions surrounding hockey revenues when the Forbes list came out back in December.