Falcone, a hedge fund mogul and former hockey player at Harvard, owns 45 percent of the Wild, but has reportedly been at odds with co-owner Craig Leipold over how to cover the franchise’s reported $20 million annual loss.
Owner Charles Wang has agreed to sell the Islanders to former Washington Capitals co-owner John Ledecky and investor Scott Malkin.
It appears a case of “seller’s remorse” by Islanders owner Charles Wang has really annoyed Andrew Barroway.
Negotiations with the Philadelphia lawyer and hedge fund manager “have ceased” and “are not expected to resume,” according to Newsday.
“Disbelief,” McDonald told CBS New York’s Peter Schwartz about the move to Brooklyn. “My reaction basically centered around the fan base and the folks that have been so loyal.”
Charles Wang either can’t make up his mind or is just content to take his sweet time. Regardless, Andrew Barroway is fully prepared to purchase a controlling interest in the New York Islanders.
Will Charles Wang own the Islanders by the time next season starts? No one can say for sure.
Earlier this spring, the owner of the Islanders said he wasn’t actively shopping the team, but would listen to offers. Andrew Barroway appears to be on the verge of making the kind of offer Charles Wang may not refuse.
The Islanders may have a new owner soon, at least that’s the read NHL Commissioner Gary Bettman has on the situation.
Don’t look so down, Jack. You get to keep your job. You have basically been cleared of wrongdoing. Garth has rightly jumped on the grenade.
It’s almost astounding how quickly the tides turned; how fast chants of “We Want Playoffs!” were replaced with “Fire Cappy!” and “Sell Wang Sell!” and how suddenly everything went wrong.
Skepticism generally dominates the landscape when it comes to the Islanders. But, if the latest report is true, it has to be viewed as a positive by fans and a potential new owner.
The New York Islanders could have a new owner to go with their new home in Brooklyn. Charles Wang confirmed Friday that he is open to selling his majority share of the team.
Whether it happens now or in two years, it is going to happen. A change of ownership isn’t a pipe dream. It’s an inevitability, and it has been for quite a while. It makes complete sense, from a number of different perspectives.
I don’t need to sit here and tell you about everything that’s gone wrong with the Islanders this season, but I will tell you this: By no means is this team completely lost.