Kukla's Korner Hockey
by Paul on 03/31/14 at 07:08 AM ET
from Josh Kosman and Larry Brooks of the New York Post,
The New York Islanders’ latest effort to find a buyer is getting a lift from the team’s new landlord in Brooklyn.
Owner Charles Wang is in talks to sell the money-losing NHL franchise to Philadelphia lawyer Andrew Barroway for $225 million, plus another $75 million if the Islanders hit certain revenue targets, The Post has learned.
While Wang has been open to a sale for several years, there has been limited interest in a team that lost more than $10 million in a single season and has among the lowest attendance in the league.
But this time could be different because of a revenue guarantee from Barclays Center, where the Islanders are set to start playing in 2015. In October 2012, the Islanders inked a long-term deal to move the team from Nassau County to Brooklyn.
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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.
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