February 20, 2013
A lot of Islander fans are excited with the news that Wang has contacted the Rhine Group about selling the Islanders. However, in my mind if Wang will remain the Islanders majority owner for a long time to the dismay of many. I believe that it is more likely that Wang is interested in gaining minority partners to add new capital to the team. This capital would help the organization in many ways, but I believe its main purpose would be to buyout the coliseum lease early. This would allow for Wang and his partners to benefit form the projected increase revenue Brooklyn offers now. The only way I see Wang selling the Islanders outright is if someone is will to cover the loses he has suffered while owning the team. Unless that happens I can't see Wang turning his back on the opportunity to make back some of his money with the new stabilize foundation he created for the team in Brooklyn.
February 16, 2013
The New York Post is reporting that Charles Wang might be taking the first steps in selling the Islanders.
Apparently the move to Brooklyn and the Barcalys Center have made the Islanders more attractive and possible for Wang to reach his dream price of 300 million for the team. I caution fans not to get excited since this is in the early stages and may turn into nothing.
January 27, 2013
Now that we are several months past the announcement that the Islanders are leaving Nassau, I think it is a good time to examine who is to blame. For me the answer is simple and the blame is squarely on the shoulders of the Long Island politicians.
The demise of the franchise was set into motion by Al D'Amato. The former New York Senator was the person that created the worse professional lease between the Islanders, Nassau, and SMG, which put the team in a terrible financial situation. This lease made it impossible for the Islanders to compete in the modern sport climate by giving 2/3 of the teams revenues generated from the arena away to SMG and the county. There is even a story out their that D'Amato gave the Lighthouse the evil eye, since Wang wouldn't hire his brother.
Ed Mangano is the man who is going have the Islanders leaving Nassau County on his record, but he is possibly the lease responsible. He was given the arena problem with nearly no time left on the clock with one hand tied behind his back, since NIFA controlled the county's spending. Sadly he couldn't come up with a plan to save the team, but he did try a Hail Mary with the referendum that if it passed would put pressure on NIFA to seriously consider spending money on an arena. Sadly it failed and he had little to no other options to save the team.
All of these politicians failure led to the Islanders leaving their birthplace Nassau County, which by all means people can and should be upset about. However, people shouldn't be upset about Brooklyn or the Barclays Center, since it was the only option for us to keep or team in New York.
I much rather be playing here.
Thanks to this
We can still have this
January 21, 2013
Well I am glad to say that we know that our beloved New York Islanders will not leave us, but as one reader asked me could the Isles get to Brooklyn sooner than the 2015-16 season? In my mind the answer to this is simple and that it depends on the cost. Nassau is going want to be paid to let the Islanders out of their lease. So everything will come down to whether or not Wang and Nassau and come up with a price that will make everyone happy. If Nassau's Comptroller http://rockvillecentre.patch.com/articles/comptroller-nassau-better-off-without-nhl-season George Margos and his fellow politicians really do believe that the county will be better off without the team that shouldn't be so hard. One may also point to Bruce Ratner the developer of the Barclays Center being involved as a non paid adviser on the future of the Coliseum as a positive sign (or negative depending on your feelings) that the Islanders can go to Brooklyn sooner rather than later. In my personal opinion the team will be playing in the Barclays Center before the 2015-16 season, but nothing will surprise me when it involves the Islanders and Nassau politicians.
It should also be noted that SMG will have to be paid off as well to let the Islanders out of the lease.
Let me know what you guys think with the new poll