6 replies to this topic

[**LS**]

The New York Islanders appear to have started a new effort to find a buyer, The Post has learned.

Owner Charles Wang has been in talks with The Raine Group, a Manhattan investment bank, regarding the sale of the money-losing team, two sources said.

Talks between Wang and Raine are said to be preliminary and the team owner hasn’t hired Raine — so the effort could lose steam.

An Islanders spokesman said there is no truth to the story. Raine could not be reached for comment.

Over the last few years, sources said, Wang has quietly let it be known that he is open to selling the National Hockey League team — although no formal sales process was established.

Wang was hoping to sell the team for around $300 million, which some, sources added, thought was unrealistically high.

Read more from Josh Kosman

[1940forever]

Yeah, and like the article says, the Islanders said this story is a load of horse. Take it with a grain of salt. The same garbage comes up every year.

This point has been edited by 1940forever: 26 February 2013 - 06:36 PM

[Chris TMC]

This story has come up so many times over the last decade. Charles Wang has said he A- was going to keep the Islanders on Long Island and B- has no interest in selling the team.
A has turned out to be true, I see no reason to question B.

[Tashimojo]

This story has come up so many times over the last decade. Charles Wang has said he A- was going to keep the Islanders on Long Island and B- has no interest in selling the team.
A has turned out to be true, I see no reason to question B.

So the Islanders are no longer moving to Brooklyn?

[1940forever]

So the Islanders are no longer moving to Brooklyn?

They are still moving to Brooklyn. While "Long Island" refers to Nassau and Suffolk counties, Brooklyn is also on the physical island itself. So while they aren't going to be in Nassau county anymore, they are still technically on the Island.

[Xcal97]

TWSS.

[Avsfreak18]

Phrasing!