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Report: Barroway ceases negotiations to buy Isles

Aug 5, 2014, 2:16 PM EDT

From Newsday’s Steven Marcus:

It’s not clear why Barroway has apparently ceased negotiations to buy the New York Islanders from Charles Wang (pictured), but the reported asking price of $400 million may have something to do with it. The latest valuation by Forbes pegged the Brooklyn-bound Islanders’ worth at $195 million.

Another possibility is that a new, higher bidder has emerged. Or, Wang may have decided to keep the team.

  1. dchambers144 - Aug 5, 2014 at 3:01 PM

    Hey, Wang! What’s with the pictures? It’s a parking lot!

    • petersteelewannabe - Aug 5, 2014 at 3:09 PM

      “I bet you get a free bowl of soup with a hat like that”

  2. 950003cups - Aug 5, 2014 at 3:43 PM

    $400 million is never gonna happen. The NJ Devils sold for $325 and ONLY because Harris got full ownership of all events at the Pru Center. You gotta cut up and really the Devils sold for $220 million. The Islanders draw very low. Lower than NJ. There is no way Barroway would get any percentage of ownership of the Barclay Center. The team is in the dumps and losing money year after year. The real price would have to be around $250 million, and the only reason it would be that high is that they are gonna draw a larger and louder crowd in Brooklyn in a year

  3. c1md6 - Aug 5, 2014 at 3:52 PM

    That’s about $399,999.99 too much for the Brooklyn Hipsters.

  4. c1md6 - Aug 5, 2014 at 3:54 PM

    399,999,999.99 too much*

  5. powerpop18 - Aug 5, 2014 at 5:01 PM

    Wang has been fleecing the fans for years, so what’s another billionaire. I still hope the owner of the Nets puts his two cents in.

    • 950003cups - Aug 5, 2014 at 6:50 PM

      Prokhorov has said in the past that he has no interest in buying a hockey franchise. Till this day, he hasn’t said, or done anything that would make anyone feel otherwise. He’s a huge basketball fan which is why he went and bought the Nets and moved them to NY, which are his two favorite things.

      A) New York Sports fans
      B) Basketball

      Rumors swirled around that he tried to make a deal to Jimmy Dolan that would give him the Knicks, and would allow Dolan to remain the sole owner of the Rangers. Dolan couldn’t be swayed.

  6. djshnooks - Aug 6, 2014 at 7:58 AM

    They will draw a large and louder crowd in Brooklyn…selling what exactly?

    Not a first round pick.

    Cory Conacher and Mikhail Grabovski?

    That’s hilarious.

  7. nyrnashty - Aug 6, 2014 at 1:09 PM

    Islanders will generate alot more money in Brooklyn, it’s right next to Manhattan and there are plenty of corporations that will buy tickets for clients. It’s right around the corner from MSG now, not all the way out on the Island where Wang had to rely on actual individuals to buy the tickets. This is an excellent move for them.

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