Lonny_Bohonos_14 Posted March 28, 2014 Share Posted March 28, 2014 Bob McKenzie @TSNBobMcKenzie · 15h ago NYI owner Charles Wang in talks to sell majority stake in NHL franchise. Nothing done yet, no telling if it gets done, but talks underway. Chris Botta @ChrisBottaNHL · 2h ago SBJ: NHL source confirms Bob Mc's Isles sale talks tweet. But source says: 1. Deal far from complete 2. Wang furious over news leak Chris Botta @ChrisBottaNHL · 18m ago Charles Wang confirms Isles sales talks, says nothing is close. Long way to go, folks. Make no assumptions. $300 million: That’s Charles Wang’s asking price, according to NHL Shift sources, for the New York Islanders. TSN’s Bob McKenzie tweeted late last night that Wang has begun negotiations for a sale of the team to an unknown buyer. An NHL source confirms to Shift that there have been talks but noted that a deal is far from complete. http://www.sportsbusinessdaily.com/SB-Blogs/On-The-Ground/2014/03/NHL-Shift-0328.aspx Link to comment Share on other sites More sharing options...
terrible.dee Posted March 28, 2014 Share Posted March 28, 2014 Praise Allah! Finally, this once great franchise has a shot at reclaiming it's by gone days of glory. It all starts with ownership, and the Isles desperately need a change at the very top. Link to comment Share on other sites More sharing options...
PlayStation Posted March 28, 2014 Share Posted March 28, 2014 Aqulini's please follow the same steps!!! Link to comment Share on other sites More sharing options...
UFCanuck Posted March 28, 2014 Share Posted March 28, 2014 Garth Snow will be gone 1 minute after a new Owner takes over. Link to comment Share on other sites More sharing options...
JiffyPB Posted March 28, 2014 Share Posted March 28, 2014 I think the entire league is celebrating at this news. Wang is horrible. Link to comment Share on other sites More sharing options...
poetica Posted March 28, 2014 Share Posted March 28, 2014 Asking $300M and he bought the team for $130M in 2000. What other kind of investment has that kind of return, even as it operates in the red? And beyond even the team itself, he's situated to make lots of money off the original deal which included not only the team but 77 acres surrounding their Coliseum. Proves yet again that even owners of teams "losing money" are really making money, and more often than not lots of it, so people need to stop falling for their cries of poverty. Link to comment Share on other sites More sharing options...
nuckin_futz Posted March 28, 2014 Share Posted March 28, 2014 How can a guy who was so smart is building his business/empire be such a dolt as an owner? Link to comment Share on other sites More sharing options...
theminister Posted March 28, 2014 Share Posted March 28, 2014 You know, if I had the money…. I'd buy them. Link to comment Share on other sites More sharing options...
drummer4now Posted March 28, 2014 Share Posted March 28, 2014 He finally decides to sell the team after he burns it to the ground.. Should have sold it awhile ago. Link to comment Share on other sites More sharing options...
NightHawkSniper Posted March 28, 2014 Share Posted March 28, 2014 You know, if I had the money…. I'd buy them. Gotta contact the Russian mafia... Link to comment Share on other sites More sharing options...
coryberg Posted March 28, 2014 Share Posted March 28, 2014 John Spano!!! Link to comment Share on other sites More sharing options...
Kanucklehead10 Posted March 28, 2014 Share Posted March 28, 2014 About time? Link to comment Share on other sites More sharing options...
Papayas Posted March 28, 2014 Share Posted March 28, 2014 Asking $300M and he bought the team for $130M in 2000. What other kind of investment has that kind of return, even as it operates in the red? And beyond even the team itself, he's situated to make lots of money off the original deal which included not only the team but 77 acres surrounding their Coliseum. Proves yet again that even owners of teams "losing money" are really making money, and more often than not lots of it, so people need to stop falling for their cries of poverty. Link to comment Share on other sites More sharing options...
THERETOOL Posted March 28, 2014 Share Posted March 28, 2014 really tough market ,,.. they will play at the barclays center .. nice place but your still up against the rangers at msg .. thats not just ticket sale ... that marketing ,advertising, and coorprate sponsership that will be almost impossible to compete with .. whoever buys this team has a big risk reward ratio to look at .. snow will be gone .. and there is no way mr wang gets 300 million .. no way .. 200 is high .. we may be shocked to see who was in on this deal as it was being passed around quietly .. I have a feeling vancouver hockey fans may be surprised .. Link to comment Share on other sites More sharing options...
Tre Mac Posted March 28, 2014 Share Posted March 28, 2014 You know, if I had the money…. I'd buy them. You dont need money, watch 30 for 30's Big Shot. John Spano's still considered thier 3rd best owner in franchise history. Link to comment Share on other sites More sharing options...
Ossi Vaananen Posted March 28, 2014 Share Posted March 28, 2014 Dafuq, Isles aren't worth 300m. 200 maybe, but come on, Pheonix sold for like 140, and the Isles can't be worth much more than that. Link to comment Share on other sites More sharing options...
terrible.dee Posted March 28, 2014 Share Posted March 28, 2014 Asking $300M and he bought the team for $130M in 2000. What other kind of investment has that kind of return, even as it operates in the red? And beyond even the team itself, he's situated to make lots of money off the original deal which included not only the team but 77 acres surrounding their Coliseum. Proves yet again that even owners of teams "losing money" are really making money, and more often than not lots of it, so people need to stop falling for their cries of poverty. I find it strange that Canadian hockey fans take such offense at NHL owners making money. I wonder how they would feel if someone walked into their place of business and tried to shame them for making a profit? The NHL is not an essential service like the Police or Fire department (I think many Canadians are confused about this) It is a business, and the people who put their balls on the line to invest in it should be rewarded. Yet somehow fans think the players should be making all the cash, and the league and it's owners should operate like some kind of giant welfare office. The better the owners do financially, the more jobs are created for players and staff, the more we fans are guaranteed to be supplied with the entertainment product we love: NHL hockey. Or would everyone prefer to return to the days of the late 90's? When salaries were out of control teams threatening relocation everywhere (Including the Canucks) and you couldn't watch a game without half the commentary being about the financial state of the teams who were competing? Oh, and one more thing, though the Islanders may have doubled in price since Wang bought them his operating losses during those years for exceed any increase in value. He lost BIG money keeping that team alive and for that I am grateful. Say what you want about the Wang, but he is a real Hockey fan and bought the team because he loves them. Link to comment Share on other sites More sharing options...
Dazzle Posted March 28, 2014 Share Posted March 28, 2014 I find it strange that Canadian hockey fans take such offense at NHL owners making money. I wonder how they would feel if someone walked into their place of business and tried to shame them for making a profit? The NHL is not an essential service like the Police or Fire department (I think many Canadians are confused about this) It is a business, and the people who put their balls on the line to invest in it should be rewarded. Yet somehow fans think the players should be making all the cash, and the league and it's owners should operate like some kind of giant welfare office. The better the owners do financially, the more jobs are created for players and staff, the more we fans are guaranteed to be supplied with the entertainment product we love: NHL hockey. Or would everyone prefer to return to the days of the late 90's? When salaries were out of control teams threatening relocation everywhere (Including the Canucks) and you couldn't watch a game without half the commentary being about the financial state of the teams who were competing? Oh, and one more thing, though the Islanders may have doubled in price since Wang bought them his operating losses during those years for exceed any increase in value. He lost BIG money keeping that team alive and for that I am grateful. Say what you want about the Wang, but he is a real Hockey fan and bought the team because he loves them. But not enough to ice a competitive team and make them a complete joke for the past few years? I get what you're saying but he's turned it into a joke. It starts from cavalier free-agent signings and re-signings. Questionable hires and bad scouting. That franchise is marginally better than the Atlanta franchise which ultimately had to be moved. Link to comment Share on other sites More sharing options...
terrible.dee Posted March 28, 2014 Share Posted March 28, 2014 But not enough to ice a competitive team and make them a complete joke for the past few years? I get what you're saying but he's turned it into a joke. It starts from cavalier free-agent signings and re-signings. Questionable hires and bad scouting. That franchise is marginally better than the Atlanta franchise which ultimately had to be moved. Oh, I totally agree with that part. He was an interfering owner who had terrible judgment when it came to hockey related decisions. I actually think a lot of the things Isles GM's have been roasted for were actually moves made by Wang himself. I think Neil Smith being their GM for a month proved this. He wouldn't go along with Wang's interference and was fired right away. Link to comment Share on other sites More sharing options...
poetica Posted March 28, 2014 Share Posted March 28, 2014 I find it strange that Canadian hockey fans take such offense at NHL owners making money. I wonder how they would feel if someone walked into their place of business and tried to shame them for making a profit? The NHL is not an essential service like the Police or Fire department (I think many Canadians are confused about this) It is a business, and the people who put their balls on the line to invest in it should be rewarded. Yet somehow fans think the players should be making all the cash, and the league and it's owners should operate like some kind of giant welfare office. The better the owners do financially, the more jobs are created for players and staff, the more we fans are guaranteed to be supplied with the entertainment product we love: NHL hockey. Or would everyone prefer to return to the days of the late 90's? When salaries were out of control teams threatening relocation everywhere (Including the Canucks) and you couldn't watch a game without half the commentary being about the financial state of the teams who were competing? Oh, and one more thing, though the Islanders may have doubled in price since Wang bought them his operating losses during those years for exceed any increase in value. He lost BIG money keeping that team alive and for that I am grateful. Say what you want about the Wang, but he is a real Hockey fan and bought the team because he loves them. I don't take offense to them making money, I take offense to their dishonesty. I take offense to millionaires and billionaires getting a team as a hobby and then making taxpayers foot the bill for new arenas and the like despite research that shows sports teams never bring more to the local economy than they take out. I take offense to them lying about their "poverty" to justify their greedy lockouts and constant price increases. The only difference between them and the players is that we know how much the players make and people sure as heck don't have any problem judging them harshly because of it. So why are the owners any different? If they want to be private business owners who turn a profit, that's cool with me. Just stop asking the public to pay for with tax hikes for everyone else and luxury tax breaks for them. Link to comment Share on other sites More sharing options...
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