Skip to content

Report: Wang seeking to sell Islanders

Feb 16, 2013, 12:36 PM EST

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. Playoff watch — what the bubble teams need to do

    Mar 3, 2015, 11:56 AM EST

    Ottawa Senators v San Jose Sharks Getty Images

    Sens are making a run in the East, but it’s still the Bruins’ spot to lose.

  2. Stewart to open with Vanek, Koivu in Minnesota

    Mar 3, 2015, 10:55 AM EST

    Buffalo Sabres v New York Rangers Getty Images

    The other new guy, Sean Bergenheim, will play with Nino Niederreiter and Charlie Coyle.

  3. Landeskog, McLeod receive max fines for late game altercation

    Mar 3, 2015, 10:41 AM EST

    Landeskog

    The two squads will play again on Sunday.

  4. Filling the void: Sabres recall Grigorenko

    Mar 3, 2015, 10:35 AM EST

    Mikhail Grigorenko Getty Images

    Plenty of roster spots to be filled in Buffalo after yesterday’s deadline.

  5. Trade deadline leaves Ryder, Havlat in limbo

    Mar 3, 2015, 9:57 AM EST

    Michael Ryder Getty Images

    Is this a sign of what they should expect to face as free agents?

  6. NHL on NBCSN: Lightning kick off homestand against Sabres

    Mar 3, 2015, 8:56 AM EST

    Steven Stamkos Getty Images

    Tampa Bay needs to get hot to challenge the Atlantic Division-leading Montreal Canadiens.

  7. Video: New-look Blackhawks steamroll Hurricanes

    Mar 2, 2015, 11:23 PM EST

    Carolina Hurricanes v Chicago Blackhawks Getty Images

    Kimmo Timonen and Antoine Vermette made their debuts.

  8. Rangers handle Predators, win in Yandle’s debut

    Mar 2, 2015, 9:56 PM EST

    Nashville Predators v New York Rangers Getty Images

    An impressive effort for a team going all-in.

  9. That was fast: Petry will play for Habs tonight

    Mar 2, 2015, 8:14 PM EST

    Edmonton Oilers v Toronto Maple Leafs Getty Images

    He’ll pair with Sergei Gonchar to start.

  10. Rutherford: ‘Our guys felt very strongly about reacquiring’ Lovejoy

    Mar 2, 2015, 5:59 PM EST

    2014 NHL Draft - Round 2-7 Getty Images

    “We were looking to upgrade, add more of a veteran presence.”

  11. Chiarelli: Bruins ‘cap crunch’ made it ‘tough’ to get trades done

    Mar 2, 2015, 5:49 PM EST

    Peter Chiarelli

    “It’s just hard to get a deal done, and you see the prices are so high.”

  12. Rangers sign Zuccarello to a four-year, $18 million extension

    Mar 2, 2015, 5:10 PM EST

    2014 NHL Stanley Cup Final - Game Five Getty Images

    He gets a no-trade clause in the first year of the deal.

Featured video

Trade deadline storylines to watch
Top 10 NHL Player Searches
  1. M. Giordano (3003)
  2. F. Andersen (2941)
  3. T. Seguin (2833)
  4. K. Okposo (2712)
  5. N. Horton (2685)
  1. H. Lundqvist (2625)
  2. B. Wheeler (2450)
  3. P. Kane (2261)
  4. H. Zetterberg (2255)
  5. T. Hall (2243)