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.
Apr 27, 2015, 9:15 AM EDT
He was one of Pittsburgh’s final cuts in the fall.
Apr 27, 2015, 8:45 AM EDT
The Islanders and Capitals meet in Game 7 for the first time since 1987.
Apr 27, 2015, 8:00 AM EDT
Monday’s collection of links.
Apr 26, 2015, 11:01 PM EDT
That’s a fairly modest increase compared to some of the jumps we’ve seen in the past.
Apr 26, 2015, 10:16 PM EDT
He has every right to be.
Apr 26, 2015, 9:12 PM EDT
Montreal will now play either Detroit or Tampa Bay.
Apr 26, 2015, 8:17 PM EDT
Oshie thinks the core has “been playing some pretty good games since the playoffs.”
Apr 26, 2015, 7:42 PM EDT
Montreal had a 1-0 lead at the time.
Apr 26, 2015, 6:58 PM EDT
They got a big task ahead of them.
Apr 26, 2015, 6:20 PM EDT
Habs and Wild look to advance with Game 6 wins.
Apr 26, 2015, 6:18 PM EDT
Minnesota’s earned the right to challenge Chicago again.
Apr 26, 2015, 5:45 PM EDT
He’ll undergo further testing in the not too distant future.
Apr 26, 2015, 4:58 PM EDT
Brian Elliott is on in relief.
Apr 26, 2015, 4:15 PM EDT
That’s one Allen has to have.
Apr 26, 2015, 3:45 PM EDT
He suffered two concussions this season.
Apr 26, 2015, 2:00 PM EDT
The newly appointed Edmonton executive is already busy in his new role.
Apr 26, 2015, 1:15 PM EDT
Eric Fehr would be ready for the second round.
Apr 26, 2015, 12:30 PM EDT
Philly fired Craig Berube on April 17.
Apr 26, 2015, 12:00 PM EDT
He last played at the 2006 tournament.
Apr 26, 2015, 11:30 AM EDT
He didn’t play the second half of Friday night’s win.
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