Feb 16, 2013, 12:36 PM EDT
According to Josh Kosman of the New York Post, Islanders owner Charles Wang is trying to sell the team.
The report says Wang is in preliminary talks with Manhattan investment bank, The Raine Group to sell the team to them. The price tag Wang is seeking out for his money-losing franchise is a sky-high $300 million. Considering the Islanders aren’t drawing well on Long Island (only the Coyotes draw worse at home) and are due to move to Brooklyn in 2015, he might be setting his target amount a wee bit too high.
That said, the fact the team is moving to a better location closer to New York City does make them more attractive to potential buyers. Finding someone willing to come up with Wang’s insane asking price or something close to it might prove to be difficult.
For what it’s worth, the Islanders have denied the report and said there’s no truth to it. There’s a grain of salt to be taken for this whole thing.
- Feeding frenzy: Sharks devour Kings to take 2-0 series lead 2
- Canadiens push Lightning to brink of elimination with 3-2 win 20
- WATCH LIVE: Los Angeles Kings at San Jose Sharks (Game 2) 0
- Bruins handle Red Wings 4-1, tie series 1-1 37
- Flyers overcome two-goal deficit to finally win at MSG 58
- NHL suspends Seabrook three games for charging into Backes 90
- MacKinnon, Avs shine against Wild, take 2-0 series lead 25
- Video: Roenick says MacKinnon is more dominant at 18 than Crosby was 28
- Blue Jackets gain first-ever playoff win, tie series with Penguins 1-1 49
- Video: Seabrook ejected for charging Backes; will face hearing (update) 136
- Video: Seabrook ejected for charging Backes; will face hearing (update) (136)
- Video: Lucic spears DeKeyser from behind (116)
- Flyers want to ‘punish’ McDonagh (113)
- That’s a raise: Flyers sign MacDonald to six-year, $30 million extension (91)
- Bad luck strikes twice: Lightning goal waved off, Stamkos takes knee to head (91)