Town of Hempstead

Syndicate content

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.

The Islanders Are Planning To Leave In 2015

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.