Skip to content

Report: Wang seeking to sell Islanders

Feb 16, 2013, 12:36 PM EDT

Charles Wang Getty Images

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.

Latest Posts
  1. Miller on Benn goal: ‘I have done a lot of stupid things, but that is a new one’

    Oct 22, 2014, 9:11 AM EDT

    Ryan Miller Getty Images

    Canucks coach Willie Desjardins fought against the idea that Dallas got lucky last night.

  2. NHL on NBCSN: Hungry Flyers set sights on rival Penguins

    Oct 22, 2014, 8:35 AM EDT

    Sidney Crosby AP

    Maybe this is what Philadelphia needs.

  3. Video: Klein the unlikely OT hero for Rangers

    Oct 22, 2014, 1:40 AM EDT

    Kevin Klein AP

    Wonder if the Devils fan behind him was a face-painter?

  4. Sharks ‘let one slip away’ in Boston

    Oct 22, 2014, 1:11 AM EDT

    Daniel Paille, Antti Niemi, Marc-Edouard Vlasic AP

    Had the lead going into the third period.

  5. Video: Raanta shuts out flat Flyers in emergency start

    Oct 22, 2014, 12:35 AM EDT

    Antti Raanta AP

    Do a little dance. Make some big saves. Shut out tonight.

  6. Halak: ‘One of those nights where everything goes wrong’

    Oct 21, 2014, 11:56 PM EDT

    Roman Polak, Dion Phaneuf AP

    Toronto took this one over in the second period.

  7. Video: Habs continue winning ways with OT victory over Red Wings

    Oct 21, 2014, 10:54 PM EDT

    David Desharnais #51 of the Montreal Canadiens celebrates his second period goal during the NHL game against the Buffalo Sabres at the Bell Centre on February 2, 2013 in Montreal, Quebec, Canada.
(February 1, 2013 - Source: Richard Wolowicz/Getty Images North America) Getty Images

    David Desharnais with his first of the season.

  8. Video: Stars chase Ryan Miller from Canucks crease

    Oct 21, 2014, 9:50 PM EDT

    Ryan Miller AP

    It’s gone from bad to worse for Vancouver.

  9. Video: Islanders’ Hickey cut after taking a skate to the face

    Oct 21, 2014, 9:40 PM EDT

    Screen Shot 2014-10-21 at 6.32.32 PM

    Happened on an innocent enough play.

  10. (Video) McKenzie: NHLPA ‘entirely on board’ with Voynov suspension

    Oct 21, 2014, 8:15 PM EDT

    NHL Insider analyzes what the future has in store for the L.A. defenseman.

  11. WATCH LIVE: Flyers at Blackhawks

    Oct 21, 2014, 7:07 PM EDT

    Philadelphia Flyers v Chicago Blackhawks Getty Images

    Check it out via the NBC Live Extra stream.

  12. Outlook for Horton’s ailing back getting bleaker

    Oct 21, 2014, 6:42 PM EDT

    Columbus Blue Jackets v Nashville Predators Getty Images

    “Nathan is a frustrated kid right now. He’s in constant pain.”

  13. Larsson to make Devils season debut tonight

    Oct 21, 2014, 6:18 PM EDT

    Philadelphia Flyers v New Jersey Devils Getty Images

    After watching the first five games of the season from the press box.

Featured video

Flyers have many concerns

Sign up for Fantasy hockey

Top 10 NHL Player Searches
  1. P. Datsyuk (3328)
  2. J. Spezza (2806)
  3. J. Drouin (2778)
  4. S. Varlamov (2764)
  5. E. Kane (2656)
  1. M. Gaborik (2520)
  2. E. Staal (2436)
  3. V. Hedman (2164)
  4. P. Dupuis (2146)
  5. P. Stastny (2036)