"Five thousand dollars over here, the man in the ushanka. Do I hear six...?" - Bruce Bennett

New York Islanders Sale Talks: Multiple parties interested, Barroway lines up partners

Charles Wang's talks to sell a stake in the New York Islanders puts the club at a valuation of between $370-$400 million, while bidder Andrew Barroway has lined up the partners to meet that price, according to the Sports Business Journal.

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16 Total Updates since March 28, 2014
  • Important 13
  • Updates 2
  • Articles 14
  • All Updates 16

Isles Sale Talks: Barroway has financing, partners

Ducks are in a row. Now they wait on the pond.


Buy Us: Revenue sharing softens Isles losses

Again: We're not sure we want to sell but we'll totally listen to your offer, but make it a big one okay? Twist our arm, won't you?


Bettman: Lots of people want the Isles, but...

Gary Bettman re-iterates the talking points.


Isles Sale Rumors: Rich guy mulls, prefers not to

"Instead, I think I'll have another cigar and crack open this '94 bottle of Port," he said, maybe.


Isles Sale: Rich guy might decide to bid soon

I can't tell you how fun the next few years are going to be.


Report: Multiple buyers interested in Isles

The lease in Brooklyn has reportedly attracted new bidders besides Andrew Barroway.


$370M Valuation: It's complicated.

I'll give you some cash, some notes, some old trading cards, and a promise for Bazooka gum.


Isles Valued at $370M; Barroway Seeks Capital

Philadelphia lawyer and hedge fund artist Andrew Barroway is continuing his pursuit of the New York Islanders, according to the Sports Business Journal.

Citing financial industry and NHL sources, SBJ writer Chris Botta reports that owner Charles Wang has valued the entire team at around $370 million, which means Barroway still has a ways to go before pulling off a bid for a stake in the team:

The group is seeking to raise another $30 million to $50 million in order to complete the deal.

One alternative to the original quest for a majority stake: buying "between 30 and 49 percent" to start off with, before increasing the Barroway group's stake over time.

Barroway previously bid unsuccessfully on the NBA's Philadelphia 76ers and the NHL's New Jersey Devils, so this quest is by no means a sure thing. Further, Wang has another year before the franchise moves to a new arena in Brooklyn -- and presumably becomes profitable -- which is ample time for other interested bidders to knock on his door.


This Philly Lawyer Wants Your Team

This guy, he wants a sports team, and your team might be just right for him.


Unidentified group chasing 75% stake in Isles

On CBC's "Hot Stove," more smoke about a group trying to compile a bid for a majority stake which would keep Charles Wang as part owner.


Wang statement: 'I remain willing to listen'

In response to reports of talks to sell the team, New York Islanders owner Charles Wang has issued a statement (first posted to Twitter by Newsday's Arthur Staple):

"In recent months, there have been numerous expressions of interest in the purchase of the New York Islanders. As I have consistently stated, I have been and remain willing to listen. However, potential buyers expressions of interest in the team or even my listening to them does not mean that any deal will be reached."

Taken at face value, this is in the "yeah, people always talk" category. However, the mini-storm -- started by one tweet from Bob McKenzie, remember -- struck enough of a nerve to elicit a statement from an often tight-lipped organization.

So...same as it ever was? Or something more this time?


SBJ: Wang seeking $300M in Isles sale talks

The story that began with Bob McKenzie's tweet adds another leg.


Deal for you: A List of Prospective Isles Owners

Could one of these guys buy the Islanders? Probably not but let's talk about them anyway.

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