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.
The New York Islanders were already stuck with a major problem before the NHL lockout began; now that problem has only gotten greater.
There are only three seasons (the lockout included) scheduled until Charles Wang's Islanders will be in a new home. Whether that new home is the Barclays Center in Brooklyn, a new or renovated arena developed at the Hub in Uniondale or Quebec, Seattle, or another city due to relocation is unknown. (Photo Credit: Nuke812/Flickr)
Despite the fan banter and lack of talks between the powers that be, Nassau County Executive Ed Mangano was accepting RFQ's to be granted permission to develop the site that holds the Nassau Coliseum. Some developers made it clear that they would want to keep the Islanders in their plans. However, there has been little discussion since then and it remains uncertain as to what will happen.
It was reported today by Randi Marshall of Newsday that four developers have applied to become the master developers of the Nassau Coliseum area known as the Hub. (Photo Credit: Nuke812/Flickr)
"Patchogue -based Baldassano Architecture submitted an application, managing partner Alex Badalamenti confirmed Tuesday. Garden City developer Breslin Realty also submitted its qualifications, a source said. They will compete with Plainview developer Donald Monti and Syosset developer Ed Blumenfeld."
Monti has already expressed a strong desire to keep the New York Islanders in Nassau County through is developments if he is chosen, stating in a previously printed Newsday article that losing the team would be a "travesty" and that his plans "will be with the Islanders staying."
The New York Islanders are heading straight towards the expiration of their lease with Nassau Coliseum in 2015 and still have no plan set for what will happen with the Hub, as well as the future of the Long Island's only professional sports team.
Recently, Nassau County Executive Ed Mangano released a statement to Newsday that he is looking for developers that are interested in developing the site. His plan would have a master developer renovate or construct a new Coliseum that could potentially keep the Islanders here.
However, Mangano's RFQ (Request for Qualification) would provide the master developer the right to share revenue with the Islanders while the team basically remained a tenant in a building that the owner had nothing to do with being built.
Can you see where this already seems like a "wait...what?" scenario?
In the last several days, Chris Botta and Ed Mangano released some comments for Islanders fans that feel that their team's stay in Nassau is in jeopardy. (Robert Kowal/Flickr)
Kate Murray's twitter comments in April did not give many Islanders fans the belief that the team would be staying in Nassau County after 2015. While there haven't been any rumblings or re-invigorated talks between Wang and Nassau County, Mangano provided a glimmer of hope when he stated:
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.
The New York Islanders headed into the season with some question marks surrounding the roster. P.A. Parenteau, who had played nicely along side John Tavares and Matt Moulson in 2011, was a player who had plenty of fingers pointed at him on Isles message boards and blogs during the off-season as someone who could be replaced.
With fans wanting more offense coming from their top line, P.A. was someone that many felt could be dropped to the lower lines or even traded, despite putting up 20 goals and 53 points in his first full season in the NHL. But so far he has done plenty to silence even the harshest of critics.
In four games with the Islanders, Parenteau has registered one go...