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

New York Islanders Sale: Charles Wang reaches sale agreement with Jonathan Ledecky and Scott Malkin

After an eventful summer, it appears Charles Wang will sell majority control of the New York Islanders to Jonathan Ledecky and Scott Malkin as part of a multi-year process, pending NHL board of governors approval.

  • Live
26 Total Updates since March 28, 2014
  • Important 21
  • Updates 2
  • Articles 24
  • All Updates 26

Wang Wants Suit Moved to Nassau

Also: Yet another investor wants the L.I. Marriott debt to be their problem.

Continue

Ready for Hockey? Howie Rose will pump you up now.

The longtime Isles play-by-play announcer discusses the sale, the move to Brooklyn -- and some key things that must happen before then.

Continue

Isles New Owners: Who are these guys?

The New England cartel continues! Except slightly different.

Continue

Isles Sale Price? More than this, less than that

It's definitely probably between $420 million and $548 million. Does that work for you?

Continue

Nystrom on Isles Sale: Wait and see. And stay.

Let's just see what we got here...and also see if we can still somehow be "Long Island's team."

Continue

Wang to Sell Major Stake to Ledecky, Scott Malkin

This time, it looks like it's actually happening.

Continue

Light Reading: Your Barroway-Wang legal documents

Filings! Emails! Casual references to "signing off" and "in final form pending your approval!"

Continue

Isles Sale Talks: Barroway sues Wang, of course

Because of course it gets weirder. It always does.

Continue

Isles Sale Talks: Barroway has financing, partners

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

Continue

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?

Continue

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

Gary Bettman re-iterates the talking points.

Continue

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.

Continue

Isles Sale: Rich guy might decide to bid soon

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

Continue

Report: Multiple buyers interested in Isles

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

Continue

$370M Valuation: It's complicated.

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

Continue

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.

Continue

This Philly Lawyer Wants Your Team

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

Continue

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.

Continue

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?

Continue

SBJ: Wang seeking $300M in Isles sale talks

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

Continue

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.

Continue
X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Lighthouse Hockey

You must be a member of Lighthouse Hockey to participate.

We have our own Community Guidelines at Lighthouse Hockey. You should read them.

Join Lighthouse Hockey

You must be a member of Lighthouse Hockey to participate.

We have our own Community Guidelines at Lighthouse Hockey. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9355_tracker