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. Video: Filppula, Stamkos score two big goals for Bolts

    May 24, 2015, 9:36 PM EDT

    filppulagetty Getty Images

    The Lightning are 7-0 when scoring the first goal in the playoffs.

  2. Blackhawks’ Bickell says wear-and-tear goes both ways

    May 24, 2015, 9:15 PM EDT

    Anaheim Ducks v Chicago Blackhawks - Game Three Getty Images

    Blocking shots can be a grind, too, after all.

  3. Report: Blues will stick with Hitchcock ‘barring anything dramatic’

    May 24, 2015, 7:37 PM EDT

    Chicago Blackhawks v St Louis Blues Getty Images

    No clarification on what would qualify as “dramatic.”

  4. Franson on free agency: ‘I’m hopeful that Toronto’s in the mix’

    May 24, 2015, 4:45 PM EDT

    cody franson

    Things weren’t a “perfect fit” for the blue liner in Nashville.

  5. Report: Oilers’ Nelson given permission to explore other opportunities

    May 24, 2015, 3:45 PM EDT

    Todd Nelson Todd Nelson

    He coached Edmonton to a 17-25-9 record after Dallas Eakins was fired in December.

  6. Report: Dubnyk, Wild to begin contract talks this week

    May 24, 2015, 1:00 PM EDT

    Minnesota Wild v Chicago Blackhawks - Game Two Getty Images

    He’s set to become an unrestricted free agent in July.

  7. Bolts’ Carle available for Game 5

    May 24, 2015, 12:30 PM EDT

    Matt Carle Getty Images

    He missed Game 4 due to an undisclosed injury.

  8. Report: Bylsma to meet with Sabres this week

    May 24, 2015, 10:46 AM EDT

    Dan Bylsma Dan Bylsma

    He has not coached since being fired by the Penguins last June.

Featured video

Babcock has his work cut out in Toronto
Top 10 NHL Player Searches
  1. F. Andersen (1519)
  2. S. Crosby (1419)
  3. M. Carle (1365)
  4. N. Horton (1361)
  5. K. Versteeg (1307)