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.
Jul 26, 2014, 3:15 PM EDT
Reggie vs. Gustl: who you got?
Jul 26, 2014, 2:08 PM EDT
Can they compromise by Tuesday?
Jul 26, 2014, 1:05 PM EDT
Positive updates following a scary situation.
Jul 26, 2014, 12:05 PM EDT
Dominic Moore spearheaded it, but Stephane Veilleux dominated.
Jul 26, 2014, 10:54 AM EDT
The player wants $4.95 million; New York argues for $3.825 million.
Jul 26, 2014, 10:08 AM EDT
He was one of the team’s most frequent hitters in 2014-15.
Jul 26, 2014, 9:00 AM EDT
Nathan Walker spent the 2013-14 campaign in the AHL.
Jul 25, 2014, 10:46 PM EDT
Vancouver took him with the sixth overall pick in the 2014 NHL Entry Draft.
Jul 25, 2014, 9:38 PM EDT
He signed with the AHL Oklahoma City Barons.
Jul 25, 2014, 8:30 PM EDT
That wasn’t the case when he began his career.
Jul 25, 2014, 7:23 PM EDT
He’s a restricted free agent, but might end up returning to Switzerland.
Jul 25, 2014, 6:17 PM EDT
In a way, she played a role in him working for the Canucks.
Jul 25, 2014, 5:12 PM EDT
He lost the starting job to Jonathan Bernier last season.
Jul 25, 2014, 4:05 PM EDT
He was taken with the fourth overall pick.
Jul 25, 2014, 3:00 PM EDT
Two-time Stanley Cup winner played last season with KHL club HC Donbass.
Jul 25, 2014, 2:00 PM EDT
“I wish I had a really good answer — where this came from and why, and how it came about — but I don’t, to be honest.”
Jul 25, 2014, 1:01 PM EDT
“We’re hoping the change of scenery is going to do him good.”
Jul 25, 2014, 12:09 PM EDT
But not before having played his first NHL game since 2009-10.
Jul 25, 2014, 11:11 AM EDT
“It’s a fairly simple one because Marc wants to be here,”
Jul 25, 2014, 10:13 AM EDT
The 32nd overall pick at the 2009 NHL Entry Draft.
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