Jeffrey Vanderbeek

Jeffrey "Jeff" 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

Vanderbeek has been a strong proponent of the Prudential Center, which hosted its first New Jersey Devils hockey game on October 27, 2007.[4][5] In 2012, Vanderbeek finalized a deal with the team's lenders that allowed him to retain the franchise for at least two years.[6] In August 2013, a deal was reached where Josh Harris and David Blitzer of Harris Blitzer Sports & Entertainment bought controlling interest in the Devils and the Prudential Center for over $320 million. Vanderbeek remained as a minority owner after the sale.[7]

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.[8]

He resides in Warren Township, New Jersey, having previously resided in South Orange, New Jersey.[9]

References
  1. Caldwell, Dave (2004-03-03). "Wall Street Executive to Buy Devils". The New York Times. Archived from the original on April 23, 2009. Retrieved 2006-11-15.
  2. "Lehman Brothers Holdings, Form DEF 14A, Filing Date Mar 1, 2002". secdatabase.com. Retrieved May 14, 2018. Filed 2002-03-01. Retrieved on 2006-11-15.
  3. Lavelle, Louis (2003-03-21). "Exec Pay: More Pain for CEOs". Business Week. Archived from the original on 2006-04-27. Retrieved 2006-11-15.
  4. Brennan, John (2002-10-17). "Newark approves $200M for arena". The Record (Bergen County).
  5. Rotstein, Gary (2006-07-31). "$290M in funding tight, but doable, for arena". Pittsburgh Post-Gazette. Retrieved 2006-08-30.
  6. KOSMAN, JOSH. "Deal lets Devils owner stay in game". New York Post. Retrieved 7 September 2012.
  7. Sielski, Mike (August 14, 2013). "New Jersey Devils Set to Be Sold". The Wall Street Journal.
  8. 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."
  9. 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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