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Islanders for sale?

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02-16-2013, 10:37 AM
  #1
MountainHawk
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Islanders for sale?

http://nhl.si.com/2013/02/16/report-...s-up-for-sale/

Wang starting process to sell the Islanders?

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02-16-2013, 10:41 AM
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GKJ
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Wow. I figured the move to Brooklyn was evidence he wasn't selling any time soon. Could this change the move?

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02-16-2013, 10:49 AM
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Lazyking
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i doubt it would change the move. There isn't many new arenas willing to take on a hockey team or for that matter, the NHL willing to allow them to relocate.

He'll likely sell if he does sell to someone in NY.

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02-16-2013, 10:52 AM
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MountainHawk
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Didn't they sign the lease already, so the move shouldn't change.

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02-16-2013, 10:58 AM
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Quote:
Originally Posted by MountainHawk View Post
Didn't they sign the lease already, so the move shouldn't change.
Signed, sealed and delivered. They are in Brooklyn until 2040.

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02-16-2013, 11:00 AM
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I hope so...for Isles fans sake.

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02-16-2013, 11:01 AM
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MountainHawk
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So in hindsight, was Wang's interest in the Islanders mainly to try to get a commercial development in Uniondale, and now that that is out of the question, it's time to move on?

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02-16-2013, 11:11 AM
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LadyStanley
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MOD NOTE: With a signed lease through 2040 there will be no relocation of this franchise.

The only speculation can be: how much is the asking/selling price, who're the potential new owners

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02-16-2013, 11:17 AM
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Seems he really shot himself in the foot with signing that lease. That has to lower the value of the franchise.

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02-16-2013, 11:23 AM
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Lazyking
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Quote:
Originally Posted by MountainHawk View Post
So in hindsight, was Wang's interest in the Islanders mainly to try to get a commercial development in Uniondale, and now that that is out of the question, it's time to move on?
I listen to sports radio from New york and I remember hearing that the lighthouse project being like Wang's baby.. now that's no more I think you're right and he wants out.

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02-16-2013, 12:11 PM
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CREW99AW
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Quote:
Originally Posted by GKJ View Post
Wow. I figured the move to Brooklyn was evidence he wasn't selling any time soon. Could this change the move?

I am SO glad, that Wang tied the isles up in a new 25 yr lease, that Wang described in the Brooklyn presser as ironclad.

NYI fans would be overrun with the relocation vultures, explaining how Canada can support 10- 12 nhl teams.

Thanks Wang.

NYI fans would be pretty happy if he sold. Let someone who'll open his checkbook take over. Finally buyout RD.

I just question whether he sells 100%. He seems to love hanging around the drafts, getting those photos opts and looking over Snow's shoulder

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02-16-2013, 12:16 PM
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CREW99AW
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Originally Posted by PSGJ View Post
Seems he really shot himself in the foot with signing that lease. That has to lower the value of the franchise.
I disagree.

For several yrs now, the NY press has said Wang didn't want to be remembered, as the man who moved the isles out of the area. I would guess that Wang 69 yr old Wang, a LIer for 60 yrs, signed the Brooklyn lease, with an eye towards selling the team to a local buyer.

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02-16-2013, 12:18 PM
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Would be great news if he manages to do it.

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02-16-2013, 12:25 PM
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Pretty smart of him. Locking down that move to Brooklyn probably added 100 million in value to the team.

Also good for Islanders fans.

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02-16-2013, 12:35 PM
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Great for the islanders; moving to Brooklyn, a new owner that wants to spend and a new identity could do pull the team back up from the absolute disaster on ice it is right now.

Just look at what happened to the Nets.

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02-16-2013, 01:02 PM
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Great for the islanders; moving to Brooklyn, a new owner that wants to spend and a new identity could do pull the team back up from the absolute disaster on ice it is right now.

Just look at what happened to the Nets.
Well, yeah, it does look like brighter days are ahead.

But a new owner has to invest. Period. If this sale gets done for the summer, one of Corey Perry or Ryan Getzlaf will be on the Islanders.

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02-16-2013, 01:15 PM
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LadyStanley
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Do recall there was a suggestion that the Russian owner of the Brooklyn Nets was interested in a NHL team (eventually). Perhaps now is sooner than later.

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02-16-2013, 01:19 PM
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Well, yeah, it does look like brighter days are ahead.

But a new owner has to invest. Period. If this sale gets done for the summer, one of Corey Perry or Ryan Getzlaf will be on the Islanders.
Whoa tonto.


Quote:
Originally Posted by LadyStanley View Post
Do recall there was a suggestion that the Russian owner of the Brooklyn Nets was interested in a NHL team (eventually). Perhaps now is sooner than later.
All of this sounds reasonably promising for the Isles. I just hope they NEVER change their name to Brooklyn Islanders, that would be bad. Also, Do NOT change the uniforms. That would also be bad. You can ditch the alternate jerseys, though. That would be good.

Still not sure they will be THAT much better off at Barclays Center. The NHL has never worked in any arena built for the NBA, so this would be a first. And having fewer seats than Winnipeg is definitely a concern.

Let's hope this works out. No fan base deserves a rise up the standings more than Isles fans.

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02-16-2013, 01:21 PM
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my guess is that Prokhorov is already committed to buying at least a portion

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02-16-2013, 02:03 PM
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PWJunior
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Quote:
Originally Posted by Acesolid View Post
Great for the islanders; moving to Brooklyn, a new owner that wants to spend and a new identity could do pull the team back up from the absolute disaster on ice it is right now.

Just look at what happened to the Nets.
The new owners would probably buy out one year or both years left on the NVMC lease and get them into the BC early.

If there a new management team brought in, it certainly looks like an attractive job. With an amnesty buy out of DiPietro, the Isles would have a very enviable cap situation - no horrid contracts with an extreme amount of cap space. Lots of young talent which means lot of assets to either trade or at least upgrade the talent level of the team. Most importantly, they have Tavares as the face of the franchise.

Please be true.

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02-16-2013, 02:11 PM
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PSGJ
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I disagree.

For several yrs now, the NY press has said Wang didn't want to be remembered, as the man who moved the isles out of the area. I would guess that Wang 69 yr old Wang, a LIer for 60 yrs, signed the Brooklyn lease, with an eye towards selling the team to a local buyer.
Sure, he might have done the honorable thing. Economically though he shot himself in the foot. The number of potential owners who wants to own a team locked into a lease is probably smaller than the number who would buy a franchise they could move or make a lease deal for themselves.

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02-16-2013, 03:11 PM
  #22
No Fun Shogun
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Prokhorov seem like the obvious candidate for the buyer. Insanely rich, already owns the arena and turned the Nets around by actually being willing to spend money, after all.

That being said, didn't Medvedev express interest to buy a team and move them to Quebec City a few years back, only to be told that the NHL wasn't interested in having Russians owning teams in the NHL? Then again, might've just been something they'd tell to a rival.

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02-16-2013, 03:34 PM
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Islander fans should be rioting in the streets in happiness if true.

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02-16-2013, 03:39 PM
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Will be interesting to see what happens with a new owner.

I'm guessing Snow would probably be on his way out (new owners like picking their own GMs)

Probably also means if Snow goes, the whole coaching staff may be changed

And a big question: does a new owner okay an amnesty of DP's contract?

A lot of change ahead for the Isles, new building to play in, potentially new owner and all that goes with that.

I imagine Isles fans are excited

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02-16-2013, 03:49 PM
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On the Radio here in Toronto they said it was a hedge fund that was kicking tires.

Surprised its not the Russian Billionaire.

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