Jeffrey Vanderbeek Explained

Jeffrey Vanderbeek (born 1958) is the former owner of the New Jersey Devils, a professional ice hockey team in the National Hockey League. Vanderbeek, a New Jersey native and Devils season ticket holder since the late 1980s, bought a minority stake in the Devils when Puck Holdings, an affiliate of YankeeNets, purchased the team in 2000. In 2004, he bought the team outright and resigned his position as an executive vice president of Lehman Brothers,[1] which he joined in 1984.[2] He was ranked the ninth highest paid executive of 2002 by Business Week with pay totaling over $29 million.[3]

Owner of the New Jersey Devils

In August 2013, he sold the franchise and the Prudential Center to an investment group led by Josh Harris and David Blitzer for $320 million.[4]

Personal life

Raised in Somerville, New Jersey, Vanderbeek moved to Bridgewater Township as a child and graduated from Bridgewater-Raritan High School East in 1975.[5]

He resides in Warren Township, New Jersey, having previously resided in South Orange, New Jersey.[6]

Notes and References

  1. News: Wall Street Executive to Buy Devils . . 2004-03-03 . 2006-11-15 . Dave . Caldwell . dead . https://web.archive.org/web/20090423212707/http://www.nytimes.com/2004/03/03/sports/hockey/03DEVI.html . April 23, 2009 .
  2. Web site: Lehman Brothers Holdings, Form DEF 14A, Filing Date Mar 1, 2002 . secdatabase.com . May 14, 2018. Filed 2002-03-01. Retrieved on 2006-11-15.
  3. News: Exec Pay: More Pain for CEOs . Lavelle . Louis . . 2003-03-21 . 2006-11-15 . dead . https://web.archive.org/web/20060427043742/http://www.businessweek.com/bwdaily/dnflash/mar2003/nf20030321_1805_db035.htm . 2006-04-27 .
  4. News: Devils announce sale of team to billionaire Josh Harris . . August 15, 2013 . August 15, 2013 . February 6, 2019 . https://web.archive.org/web/20190206083545/https://www.nj.com/devils/index.ssf/2013/08/hold_devils_announce_sale_of_team.html#incart_m-rpt-1 . live .
  5. Frezza, Harry; Deak, Mike. "Jeff Vanderbeek, former Devils owner, to coach Somerville H.S. football", Courier News, January 21, 2015. Accessed September 4, 2019. "Jeff Vanderbeek is a 1975 graduate of Bridgewater-Raritan East High School.... He returns to a place he lived until 1969 when the family left their East Spring Street home a few blocks from Brooks Field to live on Northern Drive in Bridgewater."
  6. Caldwell, Dave. "Hockey; Wall Street Executive To Purchase Devils", The New York Times, March 3, 2004. Accessed October 21, 2015. "Vanderbeek said he had been a Devils season-ticket holder for about 15 years. Before he moved to Warren, N.J., Vanderbeek lived in South Orange, not far from the team training complex in West Orange."

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