Anaheim Ducks Boston Bruins Buffalo Sabres Calgary Flames Carolina Hurricanes Chicago Blackhawks Colorado Avalanche Columbus Blue Jackets Dallas Stars Detroit Red Wings Edmonton Oilers Florida Panthers Los Angeles Kings Minnesota Wild Montreal Canadiens Nashville Predators New Jersey Devils New York Islanders New York Rangers Ottawa Senators Philadelphia Flyers Phoenix Coyotes Pittsburgh Penguins San Jose St. Louis Blues Tampa Bay Lightning Toronto Maple Leafs Vancouver Canucks Washington Capitals Winnipeg Jets
Magazine Schedule Rumors Rankings Teams Headlines Lifestyle Rookie Watch Ice Girls Videos TFP Radio Subscribe
Bookmark and Share
March 28, 2014 | 2:07pm ET
Wang looking to sell Isles

New York Islanders owner Charles Wang is looking to sell his majority stake in the franchise and is in talks with potential buyers.

TSN Hockey Insider Bob McKenzie first broke the news late Thursday night via Twitter.

"NYI owner Charles Wang in talks to sell majority stake in NHL franchise," McKenzie tweeted. "Nothing done yet, no telling if it gets done, but talks underway."

Wang has been the Islanders' majority stakeholder since 2004.

It has been reported that the Islanders lose approximately $10 million per season, though the club is moving to the Barclays Center in Brooklyn for the start of the 2015-16 season.

Chris Botta of the Sports Business Journal followed up on McKenzie's initial report, and added that while a "deal (is) far from complete," Wang was "furious" over news leaking that he's looking to sell his stake.

According to Botta, Wang is looking for $300 million in exchange for his stake in the club.

Trade Deadline  Home Page | Top 25 Available Players | No-Trade/No-Movement Clauses
Extras  NHL Player Photo Shoots | Exclusive NHL lifestyle stories
Magazine  Get to know your favorite players. Subscribe to Hockey's Lifestyle Magazine today!

Join US



TFP Newsletter

Contact Us | Jobs @ TFP | Our Team | Advertise | Privacy Policy
© 2014 TFP Media, Inc. | All Rights Reserved | The Fourth Period™ and Ice Girls™ are registered trademarks.