from Stu Hackel of The Hockey News,

The Islanders’ move from suburban Nassau County to Brooklyn, New York City’s largest borough, means more than a new venue in a new town for the up-and-coming club. It also has serious implications for the team’s existing Long Island fan base and presents an opportunity to develop a new one.

What is little known, however, is that the move ushers in a different and unique business model for owner Charles Wang and his partners, Jon Ledecky and Scott Malkin, one that offloads the team’s entire back-office operation to the Barclays Center staff.

Essentially, the hockey team no longer administers or controls its own business operation, a highly unusual situation.

The agreement to move the franchise includes the provision that the arena pays Islanders ownership an annual sum to play at Barclays Center and, in exchange, Barclays Center acquired all ticket and suite sales, sponsorships, marketing and promotions and their revenue.

That arrangement was confirmed by Brett Yormark, the CEO of both the Barclays Center and the NBA Brooklyn Nets, the original team in the building, in a late June conversation.

Yormark added, “Charles made a promise to us and he’s delivered a very good team to us, and we’re going to monetize it.”

continued