Feb 16, 2013, 12:36 PM EST
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.
Mar 3, 2015, 11:56 AM EST
Sens are making a run in the East, but it’s still the Bruins’ spot to lose.
Mar 3, 2015, 11:06 AM EST
“Players would have to come to me.”
Mar 3, 2015, 10:55 AM EST
The other new guy, Sean Bergenheim, will play with Nino Niederreiter and Charlie Coyle.
Mar 3, 2015, 10:41 AM EST
The two squads will play again on Sunday.
Mar 3, 2015, 10:35 AM EST
Plenty of roster spots to be filled in Buffalo after yesterday’s deadline.
Mar 3, 2015, 9:57 AM EST
Is this a sign of what they should expect to face as free agents?
Mar 3, 2015, 9:11 AM EST
This was a key win for San Jose.
Mar 3, 2015, 8:56 AM EST
Tampa Bay needs to get hot to challenge the Atlantic Division-leading Montreal Canadiens.
Mar 3, 2015, 8:00 AM EST
Tuesday’s collection of links.
Mar 2, 2015, 11:23 PM EST
Kimmo Timonen and Antoine Vermette made their debuts.
Mar 2, 2015, 10:49 PM EST
San Jose beat Montreal 4-0 on Monday.
Mar 2, 2015, 9:56 PM EST
An impressive effort for a team going all-in.
Mar 2, 2015, 9:03 PM EST
Then again, Taylor Beck’s helper might have been better.
Mar 2, 2015, 8:14 PM EST
He’ll pair with Sergei Gonchar to start.
Mar 2, 2015, 7:31 PM EST
Adding versatility in a tough West.
Mar 2, 2015, 6:49 PM EST
Quite a rebound from a scary lacerated arm.
Mar 2, 2015, 5:59 PM EST
“We were looking to upgrade, add more of a veteran presence.”
Mar 2, 2015, 5:49 PM EST
“It’s just hard to get a deal done, and you see the prices are so high.”
Mar 2, 2015, 5:25 PM EST
Was it just a sellers’ market?
Mar 2, 2015, 5:10 PM EST
He gets a no-trade clause in the first year of the deal.
- Playoff watch — what the bubble teams need to do 0
- Rutherford: ‘Our guys felt very strongly about reacquiring’ Lovejoy 45
- Winners and losers of the 2015 trade deadline 71
- Giordano to have surgery, is ‘done for the season’ 22
- PHT’s 2015 NHL Trade Deadline Tracker 36
- Ducks get their veteran d-man, adding Wisniewski from Columbus 15
- Lovejoy returns to Pittsburgh for Despres 52
- Wild get Stewart as Buffalo-to-Minnesota pipeline continues 55
- Jordan Leopold’s daughter may have orchestrated the Minnesota trade 17
- Wings get Zidlicky from Devils 74
- Wild beat Avs, dying seconds fight set stage for rematch (171)
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (82)
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder (74)
- Wings get Zidlicky from Devils (74)
- Winners and losers of the 2015 trade deadline (72)