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.
Oct 1, 2014, 11:20 PM EDT
He may begin 2014-15 banged up.
Oct 1, 2014, 11:00 PM EDT
“The next few days will be the turning point,” GM Jim Rutherford said.
Oct 1, 2014, 10:12 PM EDT
The early word is that he’s OK, though.
Oct 1, 2014, 10:00 PM EDT
It’s not as foolish as it sounds … maybe.
Oct 1, 2014, 8:45 PM EDT
Worth a try.
Oct 1, 2014, 8:02 PM EDT
According to fellow Swede and Red Wings forward Henrik Zetterberg.
Oct 1, 2014, 6:38 PM EDT
One last chance for a tune-up.
Oct 1, 2014, 5:00 PM EDT
Where he’ll resume coaching duties for KHL Lokomotiv.
Oct 1, 2014, 4:01 PM EDT
Didn’t take advantage of their opportunities.
Oct 1, 2014, 2:46 PM EDT
Sounds like both will start the season at center.
Oct 1, 2014, 2:24 PM EDT
Off to AHL Lake Erie they go.
Oct 1, 2014, 2:10 PM EDT
“We have not been in contact with the IOC and they have not been in touch with us.”
Oct 1, 2014, 2:09 PM EDT
Meaning all of Columbus’ No. 1 line — Jenner, Ryan Johansen and Nathan Horton — is now out of action.
Oct 1, 2014, 1:47 PM EDT
He won’t be ready for the season opener.
Oct 1, 2014, 1:33 PM EDT
Both have one-year, two-way contracts.
Oct 1, 2014, 1:26 PM EDT
And Zack Stortini has been placed on waivers.
Oct 1, 2014, 1:12 PM EDT
“You can tell a guy ‘don’t dive’, but even on our team we’ve seen a few of them.”
Oct 1, 2014, 1:04 PM EDT
Another veteran d-man, Nolan Yonkman, was also released.
Oct 1, 2014, 12:45 PM EDT
“But we’ve talked and we’ll continue to talk about it.”
Oct 1, 2014, 12:35 PM EDT
A rookie head coach, some significant roster turnover and the annual questions in goal.
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