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.
Charles Wang, Bruce Bennett/Getty Images
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Comments (18) Add A Comment
New headline, "Islanders without a Wang"!
Center Ice
Total Comments (5024)
Subway Special?
$5.00 Foot Longs.
Canuck eh?
Total Comments (19074)
It was bound to happen CI. They've played without balls for years.
Canuck eh?
Total Comments (19074)
You two are good!
Daffy Duck
Total Comments (1209)
Wang wants freedom! Let the Wang out!
dannylimes
Toronto, ON
Total Comments (8371)
If the Coyotes are worth $200m+, how is $300m for a young team with cap space and about to move into a brand new arena in one of the world's largest cities considered unrealistic?
dannylimes
Toronto, ON
Total Comments (8371)
It's a strange day when an investment bank is going to buy a losing business.
shiprock
Total Comments (12122)
They won't lose money on it. You can take THAT to the bank!
roamer
Total Comments (10137)
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.
Nard Dog
Total Comments (3431)
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
Swamp Dragon
Total Comments (13951)
if i'm buying i'd demand he buy out Rick DiPietro first.
OtherOne81
Red Dawn, CT
Total Comments (527)
for sure.
LittleE~BigMT fan
Total Comments (4501)
He would have sold earlier but the price was Wong
shiprock
Total Comments (12122)
Or, it should simply ask, "What's Wang with this picture?"
roamer
Total Comments (10137)
From the Five Fingers he's holding up in this picture, it looks like Wang is challenging Three Fingers John Tortafella to a duel.
roamer
Total Comments (10137)
LOL
LittleE~BigMT fan
Total Comments (4501)
LMAO
LittleE~BigMT fan
Total Comments (4501)
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