Truth & Rumors > NHL

Report: Charles Wang trying to sell Islanders

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09:18 AM ET 02.17 | The New York Islanders appear to have started a new effort to find a buyer, The Post has learned. Owner Charles Wang has been in talks with The Raine Group, a Manhattan investment bank, regarding the sale of the money-losing team, two sources said. Talks between Wang and Raine are said to be preliminary and the team owner hasn't hired Raine -- so the effort could lose steam. An Islanders spokesman said there is no truth to the story. Raine could not be reached for comment. Over the last few years, sources said, Wang has quietly let it be known that he is open to selling the National Hockey League team -- although no formal sales process was established. Wang was hoping to sell the team for around $300 million, which some, sources added, thought was unrealistically high.

New York Post

Charles Wang, Bruce Bennett/Getty Images Charles Wang, Bruce Bennett/Getty Images
February 17, 2013  09:31 AM ET

New headline, "Islanders without a Wang"!

February 17, 2013  09:31 AM ET

Subway Special?

$5.00 Foot Longs.

February 17, 2013  09:32 AM ET
QUOTE(#1):

New headline, "Islanders without a Wang"!

It was bound to happen CI. They've played without balls for years.

February 17, 2013  10:14 AM ET

You two are good!

Comment #5 has been removed
Comment #6 has been removed
February 17, 2013  11:55 AM ET

It's a strange day when an investment bank is going to buy a losing business.

February 17, 2013  12:29 PM ET
QUOTE(#7):

It's a strange day when an investment bank is going to buy a losing business.

They won't lose money on it. You can take THAT to the bank!

February 17, 2013  12:43 PM ET

This guy who wrote this hasn't a clue. Post hasn't a clue. One day the Isles will get an owner interested in winning. Hopefully for their fans sooner rather then later.

February 17, 2013  01:42 PM ET

Wang has a 75 million payment to make later this year + the fact that they are in lame duck status in Uniondale probably losing more than the 10 mil a season he's reported to be losing already. Yeah I can see it

February 17, 2013  02:27 PM ET

if i'm buying i'd demand he buy out Rick DiPietro first.

Comment #12 has been removed
February 17, 2013  03:11 PM ET
QUOTE(#9):

This guy who wrote this hasn't a clue. Post hasn't a clue. One day the Isles will get an owner interested in winning. Hopefully for their fans sooner rather then later.

for sure.

February 17, 2013  05:43 PM ET
QUOTE(#9):

This guy who wrote this hasn't a clue. Post hasn't a clue. One day the Isles will get an owner interested in winning. Hopefully for their fans sooner rather then later.

He would have sold earlier but the price was Wong

February 17, 2013  06:28 PM ET
QUOTE(#1):

New headline, "Islanders without a Wang"!

Or, it should simply ask, "What's Wang with this picture?"

February 17, 2013  07:06 PM ET

From the Five Fingers he's holding up in this picture, it looks like Wang is challenging Three Fingers John Tortafella to a duel.

February 18, 2013  12:16 AM ET
QUOTE(#16):

Or, it should simply ask, "What's Wang with this picture?"

LOL

 
February 18, 2013  12:17 AM ET
QUOTE(#17):

From the Five Fingers he's holding up in this picture, it looks like Wang is challenging Three Fingers John Tortafella to a duel.

LMAO

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