Penn alum Josh Harris buys the New Jersey Devils

Wharton '86 alum Josh Harris, who bought the Philadelphia 76ers along with Adam Aron in October 2011, has now stepped into the NHL arena.

On Thursday, Harris and business partner Wharton '91 alum David Blitzer bought the Devils and the lease to the Prudential Center from Jeff Vanderbeek for $320 million.

Longtime executive Lou Lamoriello will continue to oversee hockey operations for the financially distressed franchise.

Harris, who has a lease at the Wells Fargo Center with Comcast Spectacor, also refuted talk that he would consider moving the 76ers to Newark. His estimated net worth of $2.1 billion as of March 2013 ranks him 298th on the Forbes 400.