Report: Wang Asking for $375M, Isles Lost Almost $5M

Chris Botta of the Sports Business Journal has the numbers on the Islanders sale, as Charles Wang tries to find a buyer for the team.

According to Botta, Wang has set a value for the club of $375 million and is attempting to sell  a 75% stake in the team and the option to purchase the remainder in five years. He also thinks that it looks like Wang is looking to sell as soon as possible.

As far as revenues go the Islanders lost $4.8 million last year, according to Botta, which could have been worse if not for nearly $15 million in revenue sharing that the Islanders received from the league.

In years past, the Islanders did not receive revenue sharing as they were deemed to be a team in a major market that was ineligible to receive the extra money. However, when the lockout ended in January 2013 the new CBA was changed to allow teams like the Islanders to receive revenue sharing.




319 comments
truth77
truth77

We have a bigger problem then players not coming here .Even if they do a lot of Teams are going to looking for Goalies next Year .Pittsburgh,Washington,Vancouver and Minnesota  to name a few.Hopefully we get New Ownership and someone that really cares about The reputation of his Team.Not just a Rich Person looking for a real estate deal and  a tax write off.

drive45
drive45

Calgary just hired a new GM with experience. We still have our backup goalie GM. I'm so relieved!

gleichzahl
gleichzahl

dallas didn't swoon like the islanders, but they did give up the last three goals in the game. it's hard to start like they did and have anything left at the end.  looks like anaheim is going to need hiller.

jepliberty
jepliberty

Miller, at this stage of his career may be a more viable option then what we have, but I wouldn't bet on it. Miller reminds me of Luongo, both good goalies. but never in the clutch, to advance further they either of them have gone.

jepliberty
jepliberty

How's those signings of Streit, a nd AMac working out for the Orange Crud? Yeah, I thought so.

gleichzahl
gleichzahl

andersen didn't look great on the fourth goal, but i don't think this is all his fault.  and now we get to see islander 'target' hiller.  anaheim's goalie situation should be a warning.  they were all set and now they're not sure who to count on.

shlo
shlo

STL fans are pissed at their GM the same way we are. He gave more 1st rounders for nothing.

Pissed that they did not outbid the Canadians for Vanek , it does not look like they tried.

At the time they felt they were the top team, however playoffs is a different ball game.

If anybody still wants us to try and sign Miller, think twice.

gleichzahl
gleichzahl

andersen imo not to blame on that strong move on the breakaway, but didn't look good on this pp goal.

btw those green uniforms make it look like the tv is broken.

gleichzahl
gleichzahl

anyway, as far as next year...  i'm not counting on a good goalie coming this way, and so i'm prepared to go at it with nabokov/nilsson, which imo ought to be each guy twice a week.  i'm hopeful they could get into the playoffs with that.

what scares me is something jiggs said, that he thinks islanders have to cut down the goals against by about .5 to .75 pg.  that's a tall order.  i want to be optimistic, by when i look at that astronomical goals against, it doesn't look easy.

gleichzahl
gleichzahl

the blues didn't exactly hang in there to open the third.

truth77
truth77

Why is my last comment Pending?Is Mao Tse Tung monitoring this website.

truth77
truth77

Wow! hold Crosby and Malkin from scoring and still losing .Give me the odd of these two held too what they have so far  and be still ahead in Series, cant get a break. Hopefully Columbus comes back at home and forces game 7.The other Series Avalanche pull Goalie 3 games with 3 minutes to play and Minny cannot put it in a empty net ! Is jack Capuano on that bench!Nino has played well.

isles23
isles23

A goalie that I haven't seen mentioned that could be a real possibility is Thomas Greiss. 28 year German from ther Coyotes. My head tells me I want someone more established but my gut says that this is an under the radar guy that could be a steal. Anybody on the west that may have had more looks at him with an opinion?

Scott Weinstein
Scott Weinstein

@rmreturns My two cents worth would be to either:

Buy out the rest of Koskinen's KHL contract, get him over here and hire one of the Allaire brothers to work with these kids to find out if there's any real talent here.

Or

Trade the 5th pick overall either to Boston for Malcolm Subban or Detroit for Petr Mrazek. Rask and Howard are relatively young, entering their primes and aren't going anywhere.

Signing an UFA goalie in this 30's would only be a temporary fix.

since72
since72

@rmreturns I would add Jonas Gustavsson to the mix as a potential number 1.  He carried himself very well in big games vs Boston.  He's stuck behing Jimmy Howard and a chance to be the number 1 guy could land him as the bigger fish teams go after the bigger fish.

drive45
drive45

Clutch? When was the last time the Islanders needed a goalie to be clutch? 1993? I don't count the phony shortened season! Would love to have Milller for three or four years while a Thatcher Demko is developing (if they drafted him of course).

Scott Weinstein
Scott Weinstein

@shlo Ryan Miller is on the downside of his career. St. Louis should've kept Halak

gleichzahl
gleichzahl

@shlo  well, if this means everybody else backs off, i think i might still take him...

doc942
doc942

@isles23  Wouldn't Greiss be just as much of an unknown as going forward with Nilsson?  Why not just try to get Koskinen here.  Doesn't he sound "just as good" as Greiss?

Vicp73
Vicp73

@isles23  I think you got something here Isles23, I was one of those guys that  thought  Khodobin was worth taking a chance on last season, and look what happened. Guy has become a solid number 1 one the cheap 

jepliberty
jepliberty

@drive45

Me neither.I say clutch as neither of those 2 are clutch, both losers when it's crunch time.

shlo
shlo

@gleichzahl If nobody wants him which I doubt, his $$/Years demands may be to Snow's liking. STL had much better defense than us and still he could not do the job. He never wanted to come here in the first place. We were on his no trade list.

I would not bother.

But again, I am just a fan. Not a GM..............

gleichzahl
gleichzahl

@orange2327  isn't anaheim supposed to win the stanley cup, according to many?  they don't look like it right now.

dkdk
dkdk

Now we just need snow to address whatever everyone knows was needed

gleichzahl
gleichzahl

@orange2327  the new goalie didn't help much, i guess.  he looked like he didn't even try on that fourth one.  i guess that's the problem with rentals.

isles23
isles23

@doc. No, this season alone he proved more than Nillson has. But like I said I'm not sure but I'm just thinking of realistic options and Greiss fits the bill for what we've done in the past. And hey how about both? That could turn out to be a decent tandem that would push each other.

isles23
isles23

@Vic. Exactly, that's one of many examples were that has happened recently.

Scott Weinstein
Scott Weinstein

@rmreturns Malcolm had a tremendous year at Providence and is probably NHL ready. If Rask wasn't a Vezina candidate he probably would've been called up this season.

dkdk
dkdk

Yeah the kings looked gooooooooood last night. They tend to be streaky too, if they getting rolling they could wind up in the finals again.

Vicp73
Vicp73

@dkdk  I'm with you on that, but man does L.A look scary now 

dkdk
dkdk

The sharks have had a strong team for so long and always found ways not to win it, I am kind of pulling for them.

dkdk
dkdk

Vic.... Yep, it is like an offshoot of the leafs conversations. I would rather try and failure that not try at all.

Vicp73
Vicp73

@dkdk  But at the end of the day they lost to probably the best team, getting Miller was the right thing to do, i would not eat Armstrong's breakfast on that one 

dkdk
dkdk

The blues showed that you always needs a big time scorer upfront. I think Tarasenko will get there, but it is sorely missing now.

tag1
tag1

What's up alter ego

Macacawitz
Macacawitz

@rmreturns  He's losing money because he's a lousy owner.  He's not doing anyone any favors.  If the poor, put upon fraud is taking a bath, he should sell the team, NOW, and get the hell out.....and you can feel free to go off to the 9th ring of hell with him.  He's a fraud and a con man, a disgrace to Long Island, the National Hockey League and the business community in general.  The sooner we're done with this con man, the better off we'll all be. 

dkdk
dkdk

And tag, he also told you and I since we were so critical of WangSnow we would not be allowed to join in on he celebrations.

He didn't tell us the excitement was deciding which lottery pick to hand to buffalo.

tag1
tag1

Keep in mind dk this fool predicted they would win a playoff series this season without a upgrade in goal so my guess is IF we do get a upgrade he will be preparing for the cup parade

dkdk
dkdk

Willy, the other day MrC shared a story of his 9/11 detail as he was an nypd members then and Mitch and I thanked him for his service. Rm jumped in with his usual pro wang garbage. There were 30 other places to jump, to choose that one was just classless.

dkdk
dkdk

Tag .... Exactly. Sometimes people get too overly optimistic and think the answers are far more simplistic than what they really are. A goalie would be the top of laundry list by far, but there are a lot of other needs. I should preface that with what you and I know, the most important thing on the ice. We know the biggest problems are off the ice.

willymayshays
willymayshays

@rmreturns @dkdk 

9/11?


What's with the nonstop drama??

Oh, and rm... seriously, do you know Wang???


You just seem to defend the guy every day without fail

tag1
tag1

dk the Blues upgraded in goal and today they played their last game of the season and Miller was pretty bad so you never know what's going to happen It was the right move for the Blues to get Miller but it didn't work out like they thought it would. The Isles need a upgrade in goal no doubt but it's foolish to think that that alone will get them to the playoffs next season

dkdk
dkdk

Since I responded to Gleich without tagging him I guess it is my bad. Go back two threads ago and see the discussion that MrC, Mitch, and I had. It is a little more important than hockey. And even wang. Now I know that is a sentence that you will archive.

tag1
tag1

@rmreturns I would say that most hockey people would agree that posting that DP has a Olympic gold medal plus predicting the Isles will not only make the playoffs this season but win a round with the starting goal tending they had to start the season would make YOU the ignorant one when it comes to the Isles and hockey in general.


dkdk
dkdk

Orange .... Distort, change arguments, and insult. That is his mantra.

dkdk
dkdk

Have to love anyone nicknamed baby Trotts

gleichzahl
gleichzahl

@rmreturns @orange2327  thank goodness for your wit.

Vicp73
Vicp73

@rmreturns @isles23  Hiller has to be the target!! Only way he comes here is with new ownership. Hiller and Greiss? Now that's a start. Let Nabby walk  keep Poulin and Nilsson at Bridgeport while looking for a young goalie via trade or draft