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 5, 2015, 11:02 PM EST
Brock Nelson scored the winner.
Mar 5, 2015, 10:23 PM EST
“That. Just. Happened!”
Mar 5, 2015, 10:11 PM EST
“It’s humbling there’s no question.”
Mar 5, 2015, 9:16 PM EST
Once a 30-goal scorer in the NHL.
Mar 5, 2015, 8:40 PM EST
Curtis McKenzie drops the gloves.
Mar 5, 2015, 7:13 PM EST
“At the same time, Mike will maintain his focus on doing all he can to help Nashville win its first-ever Stanley Cup.”
Mar 5, 2015, 6:47 PM EST
Won’t suit up when the Caps take on Minnesota.
Mar 5, 2015, 6:24 PM EST
That’s former minor-league player Jordan Hart.
Mar 5, 2015, 5:27 PM EST
Big forward who doesn’t mind dropping the gloves.
Mar 5, 2015, 4:26 PM EST
He recently called them the “best group I’ve had since ’09.”
Mar 5, 2015, 3:35 PM EST
Might get into coaching.
Mar 5, 2015, 3:00 PM EST
Nashville’s won just two of its last eight.
Mar 5, 2015, 2:12 PM EST
News and notes from around the crease…
Mar 5, 2015, 2:05 PM EST
“We only have 19 games left and we have to be winning and getting points.”
Mar 5, 2015, 1:30 PM EST
Mar 5, 2015, 1:20 PM EST
Calgary takes on Boston tonight at TD Garden.
Mar 5, 2015, 12:34 PM EST
Huge blow to their slim playoff chances.
Mar 5, 2015, 12:33 PM EST
Will take the pre-game skate to determine if he can play.
Mar 5, 2015, 12:18 PM EST
That’d be Sens goalie Andrew Hammond.
Mar 5, 2015, 12:11 PM EST
Following an incident against Washington on Mar. 1.
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