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.
Nov 23, 2014, 1:34 AM EST
Edmonton lost 7-1 on home ice. Six straight losses.
Nov 23, 2014, 1:01 AM EST
Nov 23, 2014, 12:28 AM EST
Washington lost out on a chance for three straight wins.
Nov 23, 2014, 12:01 AM EST
These teams play against Dec. 27.
Nov 22, 2014, 11:23 PM EST
Struggling is an understatement.
Nov 22, 2014, 10:56 PM EST
Meanwhile, Edmonton at risk of losing six straight.
Nov 22, 2014, 10:26 PM EST
Nov 22, 2014, 9:56 PM EST
New York takes both games of home-and-home set with Pittsburgh.
Nov 22, 2014, 9:23 PM EST
Difficult news for Washington.
Nov 22, 2014, 9:13 PM EST
Nov 22, 2014, 8:53 PM EST
Dealt with injury last season.
Nov 22, 2014, 8:32 PM EST
Fight didn’t last long.
Nov 22, 2014, 8:17 PM EST
“This is the biggest thing I’ve ever seen in my life with Toronto.”
Nov 22, 2014, 7:38 PM EST
Dallas has moved a trio of blue liners recently.
Nov 22, 2014, 7:09 PM EST
“Let the referees do their job, we’ll do our job.”
Nov 22, 2014, 6:31 PM EST
The St. Louis defender had an assist on the eventual winner.
Nov 22, 2014, 5:55 PM EST
Conflicting ideas on whether it was a fight or not.
Nov 22, 2014, 5:27 PM EST
In the rain, too, apparently.
Nov 22, 2014, 4:55 PM EST
“They embarrassed us pretty good in their building.”
Nov 22, 2014, 3:29 PM EST
He’s out Saturday, for sure.
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