Skip to content

Report: Ex-Devils suitor Barroway in talks to buy Isles

Mar 31, 2014, 11:47 AM EDT

islanderslogo

A familiar name has popped up in the potential New York Islanders sale.

Philadelphia lawyer Andrew Barroway — who, in 2013, was linked to a proposed purchase of the New Jersey Devils — is reportedly in talks with Isles owner Charles Wang to purchase the club for a reported $225 million (with an additional $75 million if the club hits certain revenue targets.)

Here’s more, from the New York Post:

While Wang has been open to a sale for several years, there has been limited interest in a team that lost more than $10 million in a single season and has among the lowest attendance in the league.

But this time could be different because of a revenue guarantee from Barclays Center, where the Islanders are set to start playing in 2015. In October 2012, the Islanders inked a long-term deal to move the team from Nassau County to Brooklyn.

The arena’s owners guaranteed the Islanders about $50 million in annual revenue for regular season games. Barclays would keep anything it collects in sponsorship, suite and ticket sales over that amount.

It appears Barroway is in relative good standing with the NHL. A Forbes report from ’13 claimed he lent the Devils $30-million to help the team make its payroll, escrow and pension payments — but stepped away from the deal after a further review of the club’s finances.

The Devils were later sold to Josh Harris, the owner of the NBA’s Philadelphia 76ers.

Reports of Wang’s move to sell the Isles broke last week, and he was reportedly “furious” about the leak. Wang became part-owner of the Isles in 2000, then assumed majority control in 2004 after buying out partner Sanjay Kumar.

Latest Posts
  1. Canes coach Peters making tweaks with emphasis on being more dangerous offensively

    Sep 1, 2015, 10:11 PM EDT

    Carolina Hurricanes v Buffalo Sabres Getty Images

    They were near the bottom of the league in that regard last season.

  2. Eichel planning to move in with Moulson

    Sep 1, 2015, 9:03 PM EDT

    Jack Eichel Getty Images

    “The way he offered his house to me shows what kind of person he is.”

  3. St. Louis offers Upshall a professional tryout

    Sep 1, 2015, 6:04 PM EDT

    Scottie Upshall Getty Images

    The Blues have a vacancy with Patrik Berglund out for at least four months.

  4. Crosby, Toews, Weber, Price lead pack in NHL 16’s ratings

    Sep 1, 2015, 5:05 PM EDT

    2014 NHL Stadium Series - Pittsburgh Penguins v Chicago Blackhawks Getty Images

    A few players have leapfrogged Steven Stamkos.

  5. Marchand rehabbing from offseason elbow surgery

    Sep 1, 2015, 3:35 PM EDT

    Brad Marchand Getty Images

    He played through the injury in 2014-15.

  6. Flyers bring back tough guy Rosehill on AHL deal

    Sep 1, 2015, 12:00 PM EDT

    Chris Thorburn #22 of the Winnipeg Jets fights with Jay Rosehill #37 of the Philadelphia Flyers during third period in a game between the Winnipeg Jets and the Philadelphia Flyers on April 6, 2013 at the MTS Centre in Winnipeg, Manitoba, Canada.
(April 5, 2013 - Source: Marianne Helm/Getty Images North America) Getty Images

    He spent all of last season with Lehigh Valley.

  7. Marcel Goc signs in German League

    Sep 1, 2015, 10:04 AM EDT

    Columbus Blue Jackets v St. Louis Blues Getty Images

    Veteran forward heads overseas after appearing in 600-plus NHL contests.

  8. Domi: I just want to make the Coyotes

    Sep 1, 2015, 9:00 AM EDT

    Max Domi Getty Images

    He’s got plenty of potential, but he doesn’t want to get ahead of himself.

  9. Lucic jokes about running through Rask ‘like I did (to) another goalie’

    Aug 31, 2015, 10:22 PM EDT

    Milan Lucic AP

    His first game against Boston is scheduled for Feb. 9.

  10. Success for McDavid isn’t purely a numbers game

    Aug 31, 2015, 9:00 PM EDT

    Connor McDavid AP

    The start of his rookie campaign is approaching.

  11. Hitch finds silver lining in Berglund injury

    Aug 31, 2015, 7:30 PM EDT

    Patrik Berglund Getty Images

    Who will take advantage of the opening?

  12. Neuvirth cites Voracek as his reason for joining Flyers

    Aug 31, 2015, 6:00 PM EDT

    New York Islanders v Washington Capitals - Game Five Getty Images

    The two have previously played together on the Czech national team.

  13. Hurricanes add Ray Whitney, three others to scouting staff

    Aug 31, 2015, 4:30 PM EDT

    Jeff Daniels Getty Images

    Former coach Jeff Daniels is also staying within the organization after being relieved of his AHL coaching duties.

  14. Poll: Will Seabrook re-sign?

    Aug 31, 2015, 2:12 PM EDT

    Brent Seabrook Getty Images

    You can expect this question to be asked throughout the year.

Top 10 NHL Player Searches
  1. P. Kessel (1891)
  2. P. Kane (1706)
  3. P. Datsyuk (1386)
  4. M. Richards (1379)
  5. N. Backstrom (1236)