Jeffrey Vanderbeek is the owner of the New Jersey Devils

New Jersey Devils

The New Jersey Devils are a professional ice hockey team based in Newark, New Jersey, United States. They are members of the Atlantic Division of the Eastern Conference of the National Hockey League...

, a professional ice hockey

Ice hockey

Ice hockey, often referred to as hockey, is a team sport played on ice, in which skaters use wooden or composite sticks to shoot a hard rubber puck into their opponent's net. The game is played between two teams of six players each. Five members of each team skate up and down the ice trying to take...

 team in the National Hockey League

National Hockey League

The National Hockey League is an unincorporated not-for-profit association which operates a major professional ice hockey league of 30 franchised member clubs, of which 7 are currently located in Canada and 23 in the United States...

. Vanderbeek, a New Jersey native and Devils season ticket holder since the late 1980s, became a minority owner 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

Lehman Brothers

Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...

, which he joined in 1984. He was ranked the ninth highest paid executive of 2002 by Business Week with pay totaling over $29 million. Vanderbeek has been a strong proponent of the Prudential Center, which hosted its first New Jersey Devils hockey game on October 27, 2007. He currently resides in Warren, New Jersey.