The NY Post published a story late last night on their web-site by Josh Kosman claiming that New York Islanders owner Charles Wang is looking to sell the team (Photo Credit: stayclassynet/Flickr).
According to the article, Wang has had preliminary discussions with a Manhattan investment bank called The Raine Group.
There have been rumors and discussions in the past on various hockey web-sites stating that Wang has been open to selling the team for somewhere around $300 million. However, the Islanders losing record over the years compacted with their massive financial losses may make that a tough price to sell.
Hockey is back and everything is right in the world of the NHL. Well, sort of. There are some sour faces on fans that feel betrayed by the shield. But pouty, angered people will quickly turn that frown upside down. Fans will forgive as soon as the first puck drops on January 19th. Who can hold a grudge with the game we all love so dearly?
As the new season rapidly approaches, there are some immediate questions that need to be tended to.
Who will the shortened season favor: the veteran teams or the young guns?
How will teams deal with the immediate pressure of each game meaning more than usual?
The long wait is over. The New York Islanders will finally have their new arena once the lease expires in 2015. It was announced today the team owner Charles Wang has signed a 25-year lease with Barclays Center Owner Bruce Ratner that will kick into effect for the 2015-2016 season. (Photo Credit: stayclassynet/Flickr)
Per the Isles official press release:
NEW YORK ISLANDERS TO MOVE TO BARCLAYS CENTER IN BROOKLYN
First NHL Team to Play Home Games in Brooklyn
BROOKLYN, NY (October 24, 2012) -- New York Islanders Owner Charles B. Wang, Barclays Center Majority Owner and Developer Bruce Ratner, and Onexim Sports and Entertainment announced today that the Islanders will move to Barclays Center in Brooklyn. The 25-year agreement begins for the 2015-16 season.
That's right you read the title correctly, the anticipated move of the New York Islanders to the newly constructed Barclay's Center in Brooklyn, NY is expected to become official at a press conference later today.
These are the type of conversations that are considered circular. After the endless banter, speculation, denial and rejection it is hard to decipher fact from fiction. There is no beginning, no end. There is no resolution nor a right or a wrong answer. There is simply the one fact that Brooklyn remains an option that should be considered by the New York Islanders.
Some people think the team could pack up their possessions on a stick wrapped in an Islander bandana, show up and paint the Islanders logo on ice and call it a home. Then there are the reasonable thinkers, those that know there is more to this that needs to be hashed out before this move is even considered.
First off, Brooklyn is trendy. When people think about the “new” Brooklyn, they automatically think of Williamsburg complete with the hipster labels. These hipster labels come with the faux vegetarians, riding bikes, drinking over priced craft beer and dressing poor but having money.
Ed Mangano can repeat himself multiple times on Twitter, stating that he is doing everything he can in his "ongoing plans" to keep the Islanders in Uniondale, but NHL Commissioner Gary Bettman has made it clear: the Islanders will be leaving Nassau County in 2015.
A front page article was released in Newsday this weekend that had Bettman's words put directly on paper, making the harsh reality of the Islanders Coliseum problems look even more hopeless. He was quick to say that the Town of Hempstead and Nassau County have done a terrible job of trying to come up with a new plan to renovate the 40-year old arena. As a result, he is looking into other possible destinations for the New York Islanders.