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Category: New-York-Islanders

Report- Actual Sale Price Of The New York Islanders Was $485M

from Mike Ozanian of Forbes,

Charles Wang has lost a lot of money with the New York Islanders since buying the NHL team in 2000 for $130 million, and he has explored selling the team several times. But last week Wang finally struck gold when he sold the team to Jonathan Ledecky and Scott Milkin. Under the terms of the deal Ledecky and Malkin will initially own a minority stake, but will assume majority control two years from now, with Wang staying in as a minority owner.

Price tag: $485 million, according to multiple sources familiar with the transaction but who are not authorized to speak about it publicly. That is a rich valuation when you consider that a year ago Vincent Viola acquired another troubled NHL team, the Florida Panthers, for an enterprise value (equity plus net debt) of just $160 million (the reported sale prices of the Panthers at the time of the deal–from $230 million to $250 million–were not enterprise values).

continued

Filed in: NHL Teams, New York Islanders, | KK Hockey | Permalink
 

Video- John Scott With A Huge Hit On Mikhail Grabovski

Islanders report upper-body injury for Grabovski, will not return.

 

Filed in: NHL Teams, New York Islanders, San Jose Sharks, | KK Hockey | Permalink
  Tags: mikhail+grabovski

Morning Line - Adam Proteau

Try getting this to make sense in your head: the defending Eastern Conference champion New York Rangers have lost three of their first four games and their superstar goalie has surrendered 12 goals in his two most recent games – and their cross-town counterparts, the New York Islanders, as hard-luck and bad-news of an operation as has existed in recent memory, are basically unstoppable.

-Adam Proteau of The Hockey News where you can read more on this topic.

Filed in: NHL Teams, New York Islanders, New York Rangers, | KK Hockey | Permalink
 

The New York Rangers Having Trouble With Adversity

from Larry Brooks of the New York Post,

The sky may not be falling, but the roof is caving in on the Rangers.

Yes, it is technically true a pair of egregious giveaways by sixth defenseman Mike Kostka that led directly to the tying goal late in the second period and lead goal early in the third period served as the gateway to the Blueshirts’ shocking collapse in Tuesday’s 6-3 loss to the Islanders at the Garden.

But pinning the blame for the Rangers’ third straight defeat — and third straight defeat in which they allowed at least five goals — on Kostka would miss the point entirely. For this latest debacle isn’t on one guy. In sports, it never really is.

This debacle, rather, is on a team that appears unable to maintain its poise when adversity strikes. One goal against, one bounce against, and the Rangers unravel more quickly than Joba Chamberlain in the ALDS.

continued

Filed in: NHL Teams, New York Islanders, New York Rangers, | KK Hockey | Permalink
 

Who Is Brock Nelson?

from Scott Burnside of ESPN,

Sometimes in hockey it appears there's just a "poof" moment when it all falls magically into place.

At least that's how it must appear to fans when it comes to a guy such as Brock Nelson.

Brock who?

Exactly.

New York Islanders fans certainly know Nelson now, and if the early returns from the 2014-15 season are any indication, it won't be long before lots of hockey fans hear the name and nod their heads appreciatively.

Two games into the season, Nelson has six points on three goals and three assists and is tied with a guy named Sidney Crosby for the league lead in point production.

It's not like head coach Jack Capuano rubbed an old lamp he found in his office at Nassau Veterans Memorial Coliseum and a big, talented center appeared out of the smoke, though frankly, that's a better -- or at least more evocative -- story.

continued

Filed in: NHL Teams, New York Islanders, | KK Hockey | Permalink
  Tags: brock+nelson

They Were All Long Islanders

from Steve Jacobson at Newsday,

In the best of times, they were Long Islanders. Nystrom married a Long Island girl, still lives here. Clark Gillies, from Moose Jaw, stayed. Mike Bossy, then the highest-paid player in the league, wouldn't drive his Mercedes in the rain or park it in public, so he sold it and bought a Pontiac. Butch Goring was traded here and deliberately got himself lost so he could learn his way around. The newlywed wife of Czech David Volek saw the supermarket display of citrus and fled, thinking she must need a permit.

There were the others. A woman friend of mine heard the playoff excitement and asked me to buy tickets for her. I did and she exclaimed: "Do they have to be on a Saturday?''

During the great reign, Bill Torrey, the astute general manager who made Al Arbour coach and patiently built champions from the expansion void, mused that when the winning inevitably ended, "Will they still come?''

The rivalry with the Rangers was delicious -- country pups beating and taunting the city dogs with singsong "nine-teen-forty,'' their last championship until they won another in 1994. When Madison Avenue promoted the Rangers in Sasson jeans and the Islanders eliminated them in an early round, Islanders fans chanted, "Oo la la, so soon . . . ''

more

Filed in: NHL Teams, New York Islanders, | KK Hockey | Permalink
 

The New York Islanders Will Introduce New Owners Next Wednesday

UNIONDALE, NY (October 9, 2014) – Islanders are pleased to confirm the closing of the previously announced ownership transaction. Team will introduce new principals at a press conference Wednesday, Oct. 15 at Nassau Coliseum.

 

Filed in: NHL Teams, New York Islanders, | KK Hockey | Permalink
 

Nice Day For The Islanders, Nick Leddy Now An Islander

added 2:46pm, from the Chicago Blackhawks,

The Chicago Blackhawks announced today that they have acquired defensemen T.J. Brennan and Ville Pokka and the rights to restricted free agent goaltender Anders Nilsson from the New York Islanders in exchange for defenseman Nick Leddy and goaltender Kent Simpson. Brennan and Pokka will report directly to the Rockford IceHogs of the American Hockey League, while Nilsson will remain with Ak Bars of the Kontinental Hockey League.

continued

Filed in: NHL Teams, Chicago Blackhawks, New York Islanders, | KK Hockey | Permalink
  Tags: nick+leddy

New York Islanders Acquire Johnny Boychuk From Boston

added 2:29pm,

BOSTON, MA - Boston Bruins General Manager Peter Chiarelli announced today, Saturday, October 4, that the club has traded defenseman Johnny Boychuk to the New York Islanders in exchange for two second round draft picks (the Philadelphia Flyers second round pick in the 2015 NHL Entry Draft and the New York Islanders second round pick in the 2016 NHL Entry Draft) and a conditional third round pick in the 2015 NHL Draft.

The Bruins would acquire the conditional 2015 third round pick from the Isles if New York trades Boychuk during the 2014-15 season to an Eastern Conference team. Chiarelli will be available to the media on Saturday, October 4 to discuss the transaction.

Boychuk has skated in 321 regular season NHL games -- four with Colorado and 317 with Boston – and has accrued 19 goals and 56 assists for 75 points with a combined +89 rating.  The defenseman appeared in 79 postseason contests with Boston, where he tallied 13 goals and 14 assists. During the Bruins 2011 Stanley Cup Championship run, Boychuk skated in all 25 games and notched three goals and six assists.

Filed in: NHL Teams, Boston Bruins, New York Islanders, | KK Hockey | Permalink
  Tags: johnny+boychuk

BOG Approves The Sale Of The New York Islanders

from Newsday,

The NHL Board of Governors has approved the sale of the Islanders from Charles Wang to Jonathan Ledecky and Scott Malkin, NHL commissioner Gary Bettman announced Tuesday.

The deal, which Bettman said has not been finalized, calls for Ledecky and Malkin to own a minority stake in the team once the deal is complete. They will assume majority control of the team in two years, with Wang remaining a minority owner.

Bettman told reporters the deal "provides an orderly transition, which was important to Charles."

continued

added 7:02pm,

NEW YORK (Sept. 30, 2014) -- The National Hockey League’s Board of Governors today unanimously approved the purchase of a minority stake in the New York Islanders by Scott Malkin and Jonathan Ledecky. The purchase remains subject to completion of documentation and further League review before the transaction can be closed.

Filed in: NHL Teams, New York Islanders, | KK Hockey | Permalink
 

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

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