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 18, 2015, 1:36 AM EDT
Another rough go for Crow.
Apr 18, 2015, 1:15 AM EDT
Crazy finish at Rogers Arena.
Apr 18, 2015, 12:59 AM EDT
Series now even at one.
Apr 18, 2015, 12:31 AM EDT
Talk about taking the game out of the officials’ hands.
Apr 17, 2015, 11:34 PM EDT
In Las Vegas.
Apr 17, 2015, 11:21 PM EDT
All the breaks seem to be going Chicago’s way.
Apr 17, 2015, 11:19 PM EDT
Second key player Nashville’s lost in as many games.
Apr 17, 2015, 10:52 PM EDT
Not a great start to the playoffs for Corey Crawford.
Apr 17, 2015, 10:46 PM EDT
Johnny Boychuk admits Isles let one slip away.
Apr 17, 2015, 10:12 PM EDT
Ottawa will need magic at home.
Apr 17, 2015, 9:53 PM EDT
Quite a comeback win for Washington.
Apr 17, 2015, 9:25 PM EDT
He blew the Islanders’ minds on this one.
Apr 17, 2015, 8:37 PM EDT
Updated with P.K. Subban’s booming goal.
Apr 17, 2015, 8:02 PM EDT
Awesome countered by awesomeness.
Apr 17, 2015, 7:02 PM EDT
He seemed tentative in warm-ups …
Apr 17, 2015, 6:39 PM EDT
Apr 17, 2015, 6:28 PM EDT
No pressure, kid.
Apr 17, 2015, 5:55 PM EDT
Game 2’s galore.
Apr 17, 2015, 5:07 PM EDT
“It seems when we lose a game everyone’s really focused to get back on the winning track.”
Apr 17, 2015, 4:05 PM EDT
Mike Fisher looks like he’s unable to go.
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