Mar 28, 2014, 2:07 AM EDT
Big news on the future of the New York Islanders, per TSN’s Bob McKenzie:
NYI owner Charles Wang in talks to sell majority stake in NHL franchise. Nothing done yet, no telling if it gets done, but talks underway.
— Bob McKenzie (@TSNBobMcKenzie) March 28, 2014
Wang, 69, became part-owner of the Isles in 2000, then assumed majority control in 2004 after buying out partner Sanjay Kumar. The team has struggled both on the ice and financially since Wang’s been aboard, making the playoffs just two times while reportedly losing an estimated $10 million per season.
The Islanders are slated to move to Brooklyn’s Barclays Center beginning in the 2015-16 campaign, which would end their occupancy on Long Island, a place Wang has a long history with. He spearheaded the now-defunct Lighthouse Project — a proposal to transform the Nassau Coliseum and surrounding area into a modern suburban locale — which was voted down in 2011, two years after Wang said he regretted buying the Isles in the first place.
“If I had the chance I wouldn’t do it again,” Wang told Newsday at the time. “Never in my life, would I have anticipated this thing [Lighthouse Project] could be dragged out for seven, eight years.”
The timing of these proposed sale talks are interesting, as Wang and the Islanders are reportedly due to make a $75 million loan repayment at the end of this season.
It’s also worth noting this isn’t the first time claims have surfaced suggesting Wang was looking to sell the team. In 2012, the New York Post reported the Isles were available to be purchased… for an estimated $300 million.
Sep 16, 2014, 10:39 PM EDT
“It’s extortion is what it is. I don’t make this stuff up.”
Sep 16, 2014, 9:22 PM EDT
Caps blueliner has had bad luck in the health department.
Sep 16, 2014, 8:21 PM EDT
Florida’s youngsters stole the show overall.
Sep 16, 2014, 7:18 PM EDT
And he’ll reportedly miss part of Minnesota’s training camp.
Sep 16, 2014, 7:01 PM EDT
The former appeared in three games for Chicago last year; the latter played in Germany.
Sep 16, 2014, 6:04 PM EDT
Sep 16, 2014, 5:35 PM EDT
The future of Detroit’s defense gets locked in.
Sep 16, 2014, 4:33 PM EDT
Just one month after re-signing Jakob Silfverberg on the cheap.
Sep 16, 2014, 4:10 PM EDT
“Fines are meaningful. And I think it has to do with essentially being called out.”
Sep 16, 2014, 3:21 PM EDT
He’ll be part of the player development department.
Sep 16, 2014, 2:30 PM EDT
We pick a couple of long shots.
Sep 16, 2014, 1:40 PM EDT
Kings forward “didn’t want to become a free agent and leave” L.A.
Sep 16, 2014, 12:45 PM EDT
That’s him getting tossed around by Ryan Reaves.
Sep 16, 2014, 11:58 AM EDT
For “outstanding service to hockey in the United States.”
Sep 16, 2014, 11:45 AM EDT
Veteran power forward is trying to return from another concussion.
Sep 16, 2014, 10:59 AM EDT
Will the NHL be watching?
Sep 16, 2014, 10:13 AM EDT
Sounds like he got the message.
Sep 16, 2014, 9:00 AM EDT
The recently signed forward hopes to stick with “powerhouse” team.
Sep 16, 2014, 8:00 AM EDT
Tuesday’s collection of links.
Sep 16, 2014, 12:45 AM EDT
“It’s turned the corner for the better as far as rehab has gone.”
- Heeeeeere’s Johnny! Davidson shreds Johansen’s agent for ‘baffling, nonsensical’ contract demands 17
- Advantage Kuemper? Harding on crutches after ankle injury 9
- Done deal, finally: Wings ink DeKeyser to two-year, $4.375M extension 9
- Update: NHL wants to see fine system in action before publicizing diving 5
- Get your odds to make the playoffs for all 30 NHL teams 18
- Blue Jackets GM to Johansen: It’s about the team, not ‘one guy’ 25
- Will the NHL publicize divers? 48
- Report: NHL, Epix network to partner on Winter Classic reality series 18
- Habs to play without captain for just second time in franchise history 16
- Chiarelli: At some point, I’m going to have to trade a defenseman 54