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The Latest On The Sale Of The New York Islanders

I RT'd this earlier but I know many KK readers don't use Twitter at all or on a daily basis...

from Christopher Botta of SportsBusiness Daily,

In the five weeks since The Shift reported that the sale of the New York Islanders to Andrew Barroway is in the hands of Charles Wang, the Islanders’ current owner, Wang has not moved to complete a deal. However, specifics of the potential agreement have been confirmed with sources close to the seller, the buyer and the NHL:

• Barroway is seeking to become the majority owner and purchase 80 percent of the team. “He wants decision-making authority and the ability to bring in his own people,” said a source.

• The agreed-upon value of the club is around $400 million.

• Wang’s advisers told Barroway’s group more than a month ago that Wang would like to complete a deal with Barroway this summer.

more on the Islanders and other hockey topics...

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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