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.
Dec 21, 2014, 1:18 AM EST
Christopher Tanev scored the overtime winner on his birthday.
Dec 21, 2014, 12:33 AM EST
Vancouver reported its holding him out of the rest of the game for precautionary reasons.
Dec 20, 2014, 11:51 PM EST
Minnesota has won five of its last 13 games.
Dec 20, 2014, 11:20 PM EST
They had pulled their goaltender on a delayed penalty.
Dec 20, 2014, 11:05 PM EST
Stamkos hopes this loss will serve as a wake up call.
Dec 20, 2014, 10:43 PM EST
Ray Emery certainly got a lot of offensive help with Steve Mason out.
Dec 20, 2014, 10:17 PM EST
Montreal beat Ottawa 4-1.
Dec 20, 2014, 9:55 PM EST
It’s the third time this month New Jersey has been goalless.
Dec 20, 2014, 9:35 PM EST
Calvin Pickard had another great game.
Dec 20, 2014, 9:08 PM EST
It’s been a heated game between Pittsburgh and Florida.
Dec 20, 2014, 8:06 PM EST
It set a franchise record for both teams.
Dec 20, 2014, 7:20 PM EST
Carlyle’s been unhappy with his “very erratic” play.
Dec 20, 2014, 7:00 PM EST
They’ve combined for 13 points in the Kings’ last two games.
Dec 20, 2014, 6:11 PM EST
He might get that opportunity this weekend.
Dec 20, 2014, 5:24 PM EST
He might shatter some career-highs this season.
Dec 20, 2014, 5:09 PM EST
He’s shooting for Dec. 27 against Boston.
Dec 20, 2014, 4:24 PM EST
Larsson went to the AHL on a conditioning assignment.
Dec 20, 2014, 3:27 PM EST
Saturday’s slew of starting goalies.
Dec 20, 2014, 2:35 PM EST
Tampa Bay’s top goalie faced shots this morning.
Dec 20, 2014, 1:22 PM EST
Good luck trying to forecast their lines for Saturday.
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- Wolverine Pacioretty gets two assists just two days after being hospitalized 6
- Ovechkin scores beauty as Caps shutout Devils 3
- Seriously? Stress fracture sidelines Columbus’ Jenner for 1-2 months 6
- Julien chides Bruins’ offense for too many cute plays 40
- Sens roll over Ducks, who ‘weren’t ready’ 11
- Flyers’ Mason tweaked back, will miss weekend games 10
- Gordie Howe makes ‘amazing’ recovery following stem cell treatment in Mexico 15
- Video: Penguins’ spoof of ‘Christmas Vacation’ is pretty good 18
- Mason hurt, helped off ice at end of Flyers practice 8