Jeff Vanderbeek (born 1958) is the former owner of the
New Jersey Devils
The New Jersey Devils are a professional ice hockey team based in Newark, New Jersey. The Devils compete in the National Hockey League (NHL) as a member of the Metropolitan Division in the Eastern Conference (NHL), Eastern Conference. The club w ...
, a professional
ice hockey
Ice hockey (or simply hockey in North America) is a team sport played on ice skates, usually on an Ice rink, ice skating rink with Ice hockey rink, lines and markings specific to the sport. It belongs to a family of sports called hockey. Tw ...
team in the
National Hockey League
The National Hockey League (NHL; , ''LNH'') is a professional ice hockey league in North America composed of 32 teams25 in the United States and 7 in Canada. The NHL is one of the major professional sports leagues in the United States and Cana ...
. 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
Yankee Global Enterprises, LLC, formerly YankeeNets, LLC, is an American limited liability company (LLC) which owns the New York Yankees baseball team, along with a plurality stake in YES Network and 10% stakes in New York City FC and AC Milan s ...
, purchased the team in 2000. In 2004, he bought the team outright and resigned his position as an executive vice president of
Lehman Brothers
Lehman Brothers Inc. ( ) was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merril ...
, which he joined in 1984. Filed 2002-03-01. Retrieved on 2006-11-15. He was ranked the ninth highest paid executive of 2002 by ''
Business Week
''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in Septembe ...
'' with pay totaling over $29 million.
Owner of the New Jersey Devils
In August 2013, he sold the franchise and the operating rights at the
Prudential Center
Prudential Center is a multipurpose indoor arena in the central business district of Newark, New Jersey, United States. Opened in 2007, it is the home of the New Jersey Devils of the National Hockey League (NHL), the New York Sirens of the Pro ...
David Blitzer
David Scott Blitzer (born September 7, 1969) is an American investor and sports team owner. Blitzer is the chairman of the private equity firm Blackstone's tactical opportunities division and managing partner of the New Jersey Devils ice hocke ...
for $320 million.
Personal life
Raised in
Somerville, New Jersey
Somerville is a Borough (New Jersey), borough in and the county seat of Somerset County, New Jersey, Somerset County, in the U.S. state of New Jersey.Bridgewater Township as a child and graduated from
Bridgewater-Raritan High School East
Bridgewater-Raritan High School (commonly abbreviated as BRHS) is a four-year comprehensive public high school. It is the lone secondary school of the Bridgewater-Raritan Regional School District serving students in ninth through twelfth grade ...
in 1975.
He resides in
Warren Township, New Jersey
Warren Township is a township in Somerset County, in the U.S. state of New Jersey. The township is a bedroom suburb of New York City in the much larger New York metropolitan area, located within the Raritan Valley region. As of the 2020 Unite ...
, having previously resided in
South Orange, New Jersey
South Orange is a historic suburban Village (New Jersey), village located in Essex County, New Jersey. It was formally known as the Township of South Orange Village from October 1978 until April 25, 2024. As of the 2020 United States census, ...
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
'', 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."