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Islanders great contacted about buying franchise

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08:24 AM ET 10.01 | Perhaps the comeback of a former Islanders star may help dig the franchise out of trouble. Pat LaFontaine has been contacted by some European investors about the possibility of buying the money-losing team and keeping it on Long Island, The Post has learned. ... [LaFontaine]is intrigued by the opportunity and may look to put together some sort of bid, sources said. Islanders owner Charles Wang, who is seeking a new arena and has vowed not to play a single game at the aged Nassau Coliseum beyond the July 2015 end of his lease, has quietly let it be known that he is willing to sell the franchise if the price is right, sources close to the NHL said. Unfortunately for LaFontaine ... that price is said to be a sky-high $300 million.

New York Post

Rick DiPietro, Getty Images Rick DiPietro, Getty Images
October 1, 2012  08:52 AM ET

Fortune cookie say - "Beware of bad investments Pat."

Comment #2 has been removed
October 1, 2012  09:11 AM ET

European investors? I wonder how much LaFontaine could really help. Do any of the younger fans today remember him from his playing days?

October 1, 2012  09:15 AM ET
QUOTE(#2):

The Winnipeg Jets cost $170 million, including relocation fee, and Wang Chung wants $300 mil for the damn Islanders?!

True. They aren't as enticing as the Coyotes for sure. Maybe if they were to move to a hotbed of hockey, like, oh, say.............Bug Tussle, Oklahoma?

Comment #5 has been removed
October 1, 2012  09:21 AM ET
QUOTE(#4):

True. They aren't as enticing as the Coyotes for sure. Maybe if they were to move to a hotbed of hockey, like, oh, say.............Bug Tussle, Oklahoma?

The Petticoat Prancers?

October 1, 2012  09:27 AM ET

Way too much Wang ? ;-)

October 1, 2012  09:27 AM ET
QUOTE(#4):

True. They aren't as enticing as the Coyotes for sure. Maybe if they were to move to a hotbed of hockey, like, oh, say.............Bug Tussle, Oklahoma?

I would sooner be in Bug Tussle than many other places.

October 1, 2012  09:36 AM ET
QUOTE(#8):

I would sooner be in Bug Tussle than many other places.

Absolutely correct. Me too. I think Carl Albert, former Speaker of the House was from Bug Tussle. Not sure if that's a recommendation though. :-)

October 1, 2012  10:04 AM ET

Oh those pink pads

October 1, 2012  10:13 AM ET

Wang Chung can't be too serious about selling the Isles if he's asking for $300 mill.

October 1, 2012  11:35 AM ET
QUOTE(#11):

Wang Chung can't be too serious about selling the Isles if he's asking for $300 mill.

How Much Did Wang Chung purchase the Isles for??? Is he looking to get a decent ROI asking for $300 mil???

Comment #13 has been removed
Comment #14 has been removed
October 1, 2012  12:02 PM ET

He's not related to Crazy Guggenheim is he? (Frank Fontaine)

October 1, 2012  12:49 PM ET

"Pat LaFontaine has been contacted by some European investors about the possibility of buying the money-losing team and keeping it on Long Island..."

If the Euros want to own an NHL team, they should make an offer on the Phoenix Coyotes with the promise they'll move them to Sweden.

October 1, 2012  01:02 PM ET
QUOTE(#12):

How Much Did Wang Chung purchase the Isles for??? Is he looking to get a decent ROI asking for $300 mil???

He has spent a lot of money to keep them afloat.

Comment #18 has been removed
October 1, 2012  01:25 PM ET

they would make a perfect canidate for the hartford whalers

 
October 1, 2012  01:37 PM ET

300M seems a little steep, unless the arena comes with it.

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