Mar 28, 2014, 2:07 AM EST
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.
Mar 1, 2015, 4:20 PM EST
Details to come.
Mar 1, 2015, 3:38 PM EST
Sunday’s expected starting goalies.
Mar 1, 2015, 3:02 PM EST
Could Philly move him by Monday?
Mar 1, 2015, 2:22 PM EST
The Islanders winger was February’s best first-year player.
Mar 1, 2015, 1:16 PM EST
A decent catch for a rising team.
Mar 1, 2015, 12:55 PM EST
Winnipeg faces Los Angeles on Sunday.
Mar 1, 2015, 12:34 PM EST
Mar 1, 2015, 12:21 PM EST
A quick rundown of waiver transactions on Sunday.
Mar 1, 2015, 11:33 AM EST
Anaheim readies for a road-heavy March.
Mar 1, 2015, 10:17 AM EST
Three of his season’s six goals came in the last three games.
Mar 1, 2015, 9:35 AM EST
The first-round pick was a little too rich, it seems.
Mar 1, 2015, 1:37 AM EST
They’ll play again on March 8.
Mar 1, 2015, 1:03 AM EST
San Jose completed its disastrous month with a loss to Ottawa.
Mar 1, 2015, 12:42 AM EST
In other words, he’s probably not going to be dealt before the trade deadline.
Feb 28, 2015, 11:52 PM EST
The Coyotes might not be done dealing yet.
Feb 28, 2015, 11:11 PM EST
Steve Mason was solid in his first start since undergoing knee surgery.
Feb 28, 2015, 10:41 PM EST
He’s continuing to make his case for the art Trophy.
Feb 28, 2015, 10:12 PM EST
Chicago also added Kimmo Timonen on Friday.
Feb 28, 2015, 9:24 PM EST
Stakes are high for Philadelphia after Boston and Florida won.
Feb 28, 2015, 8:50 PM EST
His leadership and the confidence that he brings might provide Florida with a big boost.
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- Flyers keep faint playoff hopes alive with win over Rangers 28
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder 66
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- Bruins maintain four-point edge in playoff race, hand Coyotes ninth straight loss 5
- NHL on NBC: Rangers look for a fourth straight win against the Flyers 7
- Ducks score four third-period goals, come back to beat rival Kings 9
- Blackhawks aren’t done talking trades, will look to add another forward 13
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- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (82)
- Report: Alex Petrovic avoids discipline after injuring Patrick Kane (69)
- Trading baggage: Blue Jackets grab Clarkson, send Horton’s contract to Leafs (66)
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder (66)