TRENTON, N.J.-Mercer County Executive Brian M. Hughes today joined Trenton Titans owner Ron Berman, officials of the New Jersey Devils, and Trenton Mayor Doug Palmer to announce the Devils' purchase of a majority of the Titans hockey franchise.
The purchase, which awaits the approval of the East Coast Hockey League and ratification from the Mercer County Improvement Authority, will join two championship franchises. The New Jersey Devils are three-time champions of the National Hockey League, and the Trenton Titans won the ECHL's Kelly Cup in 2005.
"We are extremely pleased with this great development we have here today," Hughes said at a press conference on the floor of the Sovereign Bank Arena Thursday. "I can't say enough how proud we are in Mercer County and the City of Trenton. This will help in economic development all around the area, and bring the very best in professional sports right here to Mercer County."
The terms of the acquisition were not disclosed as per New Jersey Devils' policy. Ron Berman and the Berman family will retain a minority interest in the Titans, however.
"Today is an exciting milestone in the seven-year history of the Trenton Titans," Ron Berman said. Berman and his son, Geoff, both praised the Devils professionalism and the organization's commitment to maintaining a presence in urban areas. The Devils will take the ice in Newark once a new arena is built there and will celebrate their 25th anniversary this upcoming season.
"To bring an organization with the depth, talent, and professionalism of the Devils is so great for our team, the County of Mercer, and the City of Trenton," said Geoff Berman, former CEO of the Titans.
The Titans' current contract runs through Sept. 30, 2009, but the ownership must notify the MCIA if it wants to establish a new 10-year lease agreement by Sept. 30, 2008.
"We wear the name 'New Jersey Devils' very proudly and to have Trenton in our organization, we're just delighted," said Lou Lamoriello, CEO and general manager of the Devils.