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Is Charles Wang Looking To Sell The Islanders?

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.