Aug 11, 2014, 4:48 PM EDT
New York Islanders owner Charles Wang is finding out the hard way that trying to sell the team is a big headache.
According to Barbara Ross of the New York Daily News, Andrew Barroway has filed suit against Wang for $10 million for backing out of an agreement to sell the team to him for $420 million.
According to court documents, Barroway alleges the two sides had a “handshake” agreement to purchase the team at that price, but Wang pulled the offer off the table only to return months later asking for $548 million for the team, to which Barroway refused to pay. Wang then told him he sold the team to another party on Aug. 1.
The source of Wang’s angst and change of mind on the price? The Los Angeles Clippers. From the Daily News:
“Wang was having seller’s remorse,” the court papers say, “because he believed he had agreed to sell the Islanders for a price too low after hearing the unrelated news that a $2 billion bid was place to purchase” the Clippers.
As far as the Islanders being sold, that would be news to everyone because no announcement of a sale has been made and once Barroway and Wang stopped discussing a deal, it was assumed Wang was back to square one.
It seems that even when things are going well over the summer for the Islanders, there’s always something new to pop up and become a distraction. This time it may prove to be a costly one for the owner.
May 3, 2015, 11:55 AM EDT
Brandon Saad: “We have to regroup, refocus and get the job done.”
May 3, 2015, 10:46 AM EDT
It’s unclear if this is injury-related.
May 3, 2015, 9:36 AM EDT
Three games for a pretty busy Sunday.
May 3, 2015, 12:30 AM EDT
Yeah, it was quite a goal from No. 8.
May 2, 2015, 11:00 PM EDT
Didn’t waste time getting on the board in Game 2.
May 2, 2015, 10:00 PM EDT
But it doesn’t sound like there will be a dramatic, sudden return.
May 2, 2015, 9:00 PM EDT
“You only have one life, enjoy it.”
May 2, 2015, 7:59 PM EDT
Without a goal in this post-season.
May 2, 2015, 6:59 PM EDT
Minnesota almost completed the comeback in Game 1.
May 2, 2015, 5:43 PM EDT
“Since the voting period began, we’ve received an astounding 20.4 million votes…”
May 2, 2015, 5:05 PM EDT
The Caps were out-shot 15-4 and out-scored 2-0 in the opening 20.
May 2, 2015, 3:45 PM EDT
Lundqvist made 30 saves as New York edged Washington 3-2 in Game 2.
May 2, 2015, 3:07 PM EDT
The highlight-reel goal pulls the Caps to within one.
May 2, 2015, 3:00 PM EDT
He suffered a lower body injury on Friday.
May 2, 2015, 2:30 PM EDT
Paperwork filed for environmental study.
May 2, 2015, 1:40 PM EDT
One of four first period saves made by the Rangers’ starter.
May 2, 2015, 1:05 PM EDT
Opened the scoring 38 seconds in.
May 2, 2015, 12:05 PM EDT
Puck drop is at 12:30 p.m. ET on NBC.
May 2, 2015, 11:15 AM EDT
He made his NHL debut in April.
May 2, 2015, 10:35 AM EDT
He didn’t play a shift in the third period of Thursday’s loss.
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