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The Business of Hockey Discuss the financial and business aspects of the NHL. Topics may include the CBA, work stoppages, broadcast contracts, franchise sales, NHL revenues, relocation and expansion.

NY Mets, Rangers and Isles Owners Building New Arena for Islanders in Belmont?

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Old
02-24-2017, 03:39 PM
  #26
Tom ServoMST3K
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Originally Posted by Mightygoose View Post
Apparently not.



AEG owns the Kings and partially owns T-Mobile in Las Vegas. Plus the Chargers will be leasing a stadium owned by the Rams in a couple of years time.
They're also involved in the whole Glendale Fiasco.

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02-24-2017, 03:45 PM
  #27
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Originally Posted by WhipNash27 View Post
MSG would be impossible. How can you have 3 sports teams plus all of the events that MSG has?
Staples Center in Los Angeles does it with the NHL Kings and NBA Lakers & Clippers.

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02-24-2017, 03:53 PM
  #28
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Originally Posted by LadyStanley View Post
Yeah, the MSG venue potential replacement might be the real thing. Islanders might be there first, but it would have the potential for a new home venue for the Rangers and Knicks when they have to vacate MSG (in what, like 8 years?).

(Were mentioning it on SXM today when the news came through)


And having MSG in control would allow coordination of concerts between this venue and MSG, etc.
I have to assume Dolan has an option on land somewhere west of MSG just in case.

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02-24-2017, 03:55 PM
  #29
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MSG has nothing but time... they could cozy up to the Wilpons on this deal and then move to Willets Point in 8 years after working through the zoning.

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02-24-2017, 05:40 PM
  #30
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Originally Posted by LadyStanley View Post
Yeah, the MSG venue potential replacement might be the real thing. Islanders might be there first, but it would have the potential for a new home venue for the Rangers and Knicks when they have to vacate MSG (in what, like 8 years?).

(Were mentioning it on SXM today when the news came through)


And having MSG in control would allow coordination of concerts between this venue and MSG, etc.
IIRC that vacating MSG was resolved. The agreed to give up the adjoining theater.

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02-24-2017, 05:43 PM
  #31
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I think a temporary relocation will happen.

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02-24-2017, 05:47 PM
  #32
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Originally Posted by Swarez View Post
Bell owns 40% of the leafs and 14% of the Habs.
Not to nitpick but 18% of the Habs and 37.5% of the Leafs is divided between Bell and the Bell's pension fund. You can own parts of upto 3 teams if you don't exceed 30% in any one of them

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02-24-2017, 05:53 PM
  #33
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Originally Posted by aqib View Post
IIRC that vacating MSG was resolved. The agreed to give up the adjoining theater.
Yeah, I could have sworn the case is closed on this.

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Old
02-24-2017, 07:30 PM
  #34
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Originally Posted by powerstuck View Post
Unless something changed, NHL does allow one same owner to own two teams but none of those ownerships is allowed to be 50% or greater.

So, you cannot be the majority owner of more than one team (in the same league). You also cannot be majority owner of one team and minority owner of team #2.

As it is shown with Bell, they can own up to 49% of Leafs and up to 49% of Habs as long as they are not the majority owner of either of the entities.
It's more restrictive then that:

Controlling Owner: Any owner with a 30%+ share in a team is considered a Controlling Owner, even if they do not actually exert control over the club or even have voting rights. Controlling Owners are not permitted to own shares in any other team.

Non-Controlling Owner: Owners with less then 30% in any single team are allowed to own shares in up to three teams. With the restriction that they can only own more then 10% in one of those three teams. The other two teams must be 10% or less.

The NHL of course can always adjust its own rules or make exceptions. Which is what appears to have happened with Bell and the Habs. Bell claimed the entities owning shares of the Leafs and Habs are legally different, not sure if the league completely bought that, but it was allowed. I think Bell is barred from exercising any influence on the Habs resulting from their ownership shares except for significant events on the level of a proposed sale of the team.

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02-24-2017, 07:43 PM
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Originally Posted by islesmb View Post

So are the Rangers and Islanders going to share the building?

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02-24-2017, 10:04 PM
  #36
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Do new York need all these arenas? I heard they trying to build a soccer stadium next.

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02-24-2017, 10:36 PM
  #37
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Originally Posted by islesmb View Post
the site just happens to be being eyeball by the yankees--can not help but think this is ny teams screwing with the yankees

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02-24-2017, 10:45 PM
  #38
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Originally Posted by Kane One View Post
Yeah, I could have sworn the case is closed on this.
http://www.nj.com/traffic/index.ssf/...art_river_home

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02-24-2017, 11:06 PM
  #39
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Quote:
Originally Posted by islesmb View Post
It all sounds nice, but how do the Isles make ends meet without controlling all of the income of the arena?

From reading the Coyotes threads, I surmised that an NHL francise has to manage the building it played in to make ends meet. Is that true?

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02-25-2017, 12:37 AM
  #40
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Quote:
Originally Posted by Mork View Post
It all sounds nice, but how do the Isles make ends meet without controlling all of the income of the arena?

From reading the Coyotes threads, I surmised that an NHL francise has to manage the building it played in to make ends meet. Is that true?
manage and own

the Arena is the thing that makes money

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02-25-2017, 06:08 AM
  #41
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Quote:
Originally Posted by Kane One View Post
Yeah, I could have sworn the case is closed on this.
New York STATE seems to be OK with this but what is the stance today of the CITY of New York? It was the city council that issued the eviction notice in 2013.

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02-25-2017, 06:58 AM
  #42
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Originally Posted by Fenway View Post
New York STATE seems to be OK with this but what is the stance today of the CITY of New York? It was the city council that issued the eviction notice in 2013.
It was really just Christine Quinn making noise when she was running for mayor. She got slapped silly in the primary and there has been no talk of it since. MSG is going nowhere. Even if the city wanted to take it via eminent domain to "restore Penn Station to it's former glory", Dolan's lawyers will tie it up in court for years and you he will get every penny out of the city for fair market value.

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02-25-2017, 07:01 AM
  #43
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Originally Posted by tailgunner View Post
nothing but a pipe dream...Barclays took 9 years to build...no way in hell this project every sees the light of day
Completely different animal. This won't have the opposition. They would be building on a parking lot, not tearing down other buildings to make space.

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02-25-2017, 07:10 AM
  #44
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Quote:
Originally Posted by patnyrnyg View Post
It was really just Christine Quinn making noise when she was running for mayor. She got slapped silly in the primary and there has been no talk of it since. MSG is going nowhere. Even if the city wanted to take it via eminent domain to "restore Penn Station to it's former glory", Dolan's lawyers will tie it up in court for years and you he will get every penny out of the city for fair market value.
In any event, if MSG has control of booking a new arena in Elmont it will do fine. They could move St John's basketball there for example and hold their own in concert bookings. Most importantly Belmont offers the one thing the NVMC never could....the LIRR.

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02-25-2017, 07:22 AM
  #45
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Originally Posted by tailgunner View Post
nothing but a pipe dream...Barclays took 9 years to build...no way in hell this project every sees the light of day
Welp, you heard it here first ! Not happening ! lol Barclays development situation couldnt be more different from Belmont...But okay. Typical negative prophet post.

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02-25-2017, 07:37 AM
  #46
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Originally Posted by tailgunner View Post
nothing but a pipe dream...Barclays took 9 years to build...no way in hell this project every sees the light of day
Barclays wasn't specifically built for the Islanders, so I don't see why the Isles or anyone else would care about how long it took to build.

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02-25-2017, 07:44 AM
  #47
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Quote:
Originally Posted by jumptheshark View Post
manage and own

the Arena is the thing that makes money
From what I've read on the Coyotes threads, owning is not the name of the game. The idea is to let someone else (a municipality, tribe etc.) own the the building while the sports team (Suns, Coyotes, Isles etc) gets all of the revenue, without which the team can't survive.

Is that how the model works in New York?

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Old
02-25-2017, 07:45 AM
  #48
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Originally Posted by islesfan3991 View Post
Barclays wasn't specifically built for the Islanders, so I don't see why the Isles or anyone else would care about how long it took to build.
Everything takes a long time.
An example is the Red Sox from 1965-2002 were constantly trying to get a new Ballpark (on their own dime), and it never came together.
Look at Arizona, Oakland, San Diego, St Louis etc. you are not going from proposal to done in time for the Islanders who get kicked out in 2 years. To be on time you need shovels in the ground by the end of April.
They are going to have to play somewhere for probably a season after the last one at Barclays.
Another example is the TD Garden which was granted a permit in 1985 and opened in 1995, and actual construction took 29 months
The United Center in Chicago took 28 months do build.
anyone who thinks this arena will be done by Oct. 2019 is a bit crazy, they'd need to start building now.


Last edited by Bruins1233: 02-25-2017 at 07:53 AM.
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02-25-2017, 07:54 AM
  #49
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Newsday follows the smoke

http://www.newsday.com/sports/hockey...say-1.13174962

Quote:
Nassau County Executive Edward Mangano has tried to woo the Islanders to the renovated Nassau Coliseum, which is scheduled to reopen in April. The team left in 2015. Mangano met with Ledecky last November.

“While it’s certainly an interesting proposal for the Rangers to take ownership in the arena of their archrival, it would at least bring the Islanders back to Nassau County,” Mangano said of the Belmont proposal in a written statement. “The public has been loud and clear that they do not want tax dollars used to fund a sports team, and I believe the Islanders can return to their real home at the New Nassau Veterans Memorial Coliseum without taxpayer dollars.”

Barclays Center owners, who are spending $130 million to renovate the Coliseum, were selected by Nassau County over Madison Square Garden’s bid for the redevelopment rights to the Coliseum and surrounding area.

Kevin Law, CEO of the Long Island Association, the region’s largest business group, came out Friday against the prospect of building another sports arena within driving distance of the Coliseum. “The true home of the New York Islanders is the new Nassau Coliseum,” he said in a statement, “and the state should be facilitating their return to the Coliseum and not anywhere else, including Belmont.”

State Sen. Todd Kaminsky (D-Long Beach), whose district includes the portion of Belmont where an arena could be built, cited the property’s size and access to mass transportation as a significant positive.

“Considering that Belmont is easily accessible by the LIRR and has enough space for a major sports team, I think it makes sense to consider the site as a potential path to bring the Islanders back home to Long Island,” Kaminsky said.

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02-25-2017, 08:12 AM
  #50
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Barclays was hurt severely by the recession if I recall correctly. That more or less directly led to the arena design being changed to not accommodate hockey because it cost less

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