Former Nets, Devils owner Katz dies in plane crash

Former Nets, Devils owner Katz dies in plane crash
June 1, 2014, 11:45 am
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Lewis Katz was the principal owner of the Nets from 1998 to 2004. (USATI)

PHILADELPHIA -- Lewis Katz, who made his fortune in the parking lot business and went on to buy basketball's New Jersey Nets, hockey's New Jersey Devils and The Philadelphia Inquirer, has died in a plane crash. He was 72.

Katz died Saturday night in a Massachusetts crash that claimed six other lives. His death was confirmed Sunday by his son, Drew, and his business partner Harold H.F. "Gerry" Lenfest.

Katz grew up in Camden, New Jersey, and made his fortune investing in the Kinney Parking empire and the Yankees Entertainment and Sports Network in New York.

Katz donated tens of millions of dollars to Temple University, a Camden charter school and various Jewish causes.

His death comes days after he and Lenfest agreed to pay $88 million to take control of the Inquirer's parent company.

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