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.
May 26, 2015, 1:13 AM EDT
Monday’s tough loss hasn’t weakened his resolve.
May 26, 2015, 12:21 AM EDT
Matt Beleskey scored the game winner after initially losing his second line spot.
May 26, 2015, 12:03 AM EDT
Chicago was trailing for most of the game.
May 25, 2015, 11:10 PM EDT
It was a reversal from the first frame.
May 25, 2015, 10:57 PM EDT
Maple Leafs prospect Frederik Gauthier had a big game too.
May 25, 2015, 10:11 PM EDT
The first period was all Anaheim.
May 25, 2015, 9:42 PM EDT
The Ducks got off to an ideal start.
May 25, 2015, 9:17 PM EDT
Emerson Etem is a healthy scratch.
May 25, 2015, 8:29 PM EDT
He needed to keep his wrist frozen to play.
May 25, 2015, 7:25 PM EDT
He was linked to Nashville’s playoff curfew incident.
May 25, 2015, 6:30 PM EDT
The series is tied at 2-2.
May 25, 2015, 5:43 PM EDT
There’s going to be a fight for the No. 1 gig in Detroit.
May 25, 2015, 4:41 PM EDT
Reports out of Swift Current, Saskatchewan.
May 25, 2015, 4:32 PM EDT
May 25, 2015, 3:58 PM EDT
They’re expected to speak again before July 1.
May 25, 2015, 3:31 PM EDT
“One bounce here or there, it’s a different story.”
May 25, 2015, 2:10 PM EDT
Made his NHL debut last season, appearing in 16 games.
May 25, 2015, 2:05 PM EDT
He’s eligible to sign an extension this summer.
May 25, 2015, 12:54 PM EDT
“Everyone involved with the ZSC Lions is so excited about seeing him play in Zurich.”
May 25, 2015, 12:44 PM EDT
This won’t quell the Kevin Bieksa trade speculation.
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