The NHL confirmed that it’s up to the Islanders to announce the team’s ownership status. The Islanders say nothing has changed (Steven Marcus, August 5).
1:50 p.m.: Andrew Barroway, the Philadelphia hedge fund manager previously interested in buying the Islanders, has “ceased negotiations” to purchase the team (Marcus, August 5).
Talk of the team’s current owner Charles Wang attempting to sell his majority stake in the team have floated in the last few years, gaining steam again in February and March of this year.
Still, nothing has been announced as of yet, despite reports over the last few months.
Wang has been the majority owner since 2004. The team will be moving to Barclays Center in Brooklyn after this season, regardless of ownership status.