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Report: LaFontaine approached by investors to buy Isles

Oct 1, 2012, 11:19 AM EST

Pat LaFontaine Getty Images

Former Islanders great Pat LaFontaine is “intrigued” at the possibility of joining a group of European investors and buying his former team, reports the New York Post.

The idea, according to the paper, would be to keep the club on Long Island past the 2015 expiration of its lease with Nassau Coliseum. Which of course is the same idea current owner Charles Wang has, except he hasn’t had any success getting a new arena built.

Wang is reportedly willing to sell; however, his asking price may be around $300 million, double the value Forbes places on the franchise.

In other words, Wang doesn’t really want to sell, but if you make him an offer he can’t refuse…

As for whether LaFontaine could actually buy his old team, Isles writer BD Gallof is skeptical.

  1. scoops1 - Oct 1, 2012 at 11:21 AM

    Only hockey player to play for all 3 NY teams

    • ehornick - Oct 1, 2012 at 12:14 PM

      Don’t tell Martin Biron, Jason Dawe and Mike Donnelly — all of whom also played for the Isles/Rangers and Sabres.

  2. spizzjr - Oct 1, 2012 at 12:07 PM

    Maybe he would finally get into the isles hall of fame if he owned the team!

  3. bcisleman - Oct 1, 2012 at 2:25 PM

    #1 I am very doubtful about the “reports” that Wang is interested in selling the team. I’ll believe that when it happens.

    #2 Based on the bad blood that apparently exists between him and LaFontaine, I doubt he would be interested in selling to any group attached to Pat even if he did want to sell.

    The article refers to an effort by Nystrom and Potvin to get one of the developers bidding to work on the area to build a new arena. That makes a lot more sense and it may be the last resort in terms of the Isles staying in Uniondale and not moving to Brooklyn or Queens.

  4. nyrfan - Oct 3, 2012 at 11:54 AM

    The Islanders and Phoenix should both relocate to a more hockey crazed city. Quebec City is the first to come to mind.
    Either team would thrive in a city like Quebec. It’s ripe for the Islanders to take as they would remain in the East.
    I hate to say it, I know fans hate to hear it. However the fact of the matter is the Colliseum is empty most nights.
    This is part of why the NHL is crying poverty with teams like the Yotes in cities they don’t belong in. Wong is a Cancer
    on the Islanders organization. He’s making a useless attempt at bringing his team back to prominence. Aside from Tavares,
    what have the done over the last ten years of top ten draft picks? One good line! Although De Haan might be a star some
    Day. If they moved the Islanders to Quebec City, the place would rock again, the revenue possibly could make them a cup
    Contender again. Here they have no money to pay a top line star in this league and don’t have enough to trade without giving the future of the team away. It would be weird for the Islanders not to be there but, if you really love em
    you have to let go! Quebec never should have lost the Nordiques in the first place. Now they deserve to get them back.
    Lets go Wong. Either take this team to Quebec or sell the team to someone who will so the team can Thrive again in
    A city where the hockey team is first. The Islanders of the Glory Days are long gone and they’re NY’s bottom feeders now.

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