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Vanderbeek expects to retain control of Devils

NHL.com @NHL

NEWARK, N.J. (AP) - Jeff Vanderbeek isn't looking to sell the New Jersey Devils, unlike some of his partners.

Vanderbeek, the managing partner of the Devils, announced Tuesday that he has no desire to sell the NHL team and expects to maintain a controlling interest.

Vanderbeek acknowledged he and his partners have different visions for the franchise, and the minority owners Brick City are exploring a sale.

Brick City is the legal name for the Devils share owned by Ray Chambers and Mike Gilfillan, his son-in-law.

In a release, Vanderbeek says Brick City has a right under its partnership agreement to explore a sale and that it has hired Moag & Co., a Baltimore-based investment bank, to assist in its attempt to sell its share of the team.

Bloomberg reported earlier Tuesday that Vanderbeek was possibly selling the team.

A former Devils season ticket holder since the 1980s, Vanderbeek became a minority owner of the Devils in 2000, and he purchased the team and became its majority owner in 2004.

Vanderbeek was one of the leading proponents behind the building of the Prudential Center in Newark, which opened as the Devils new home in 2007.

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