February 20, 2013
A lot of Islander fans are excited with the news that Wang has contacted the Rhine Group about selling the Islanders. However, in my mind if Wang will remain the Islanders majority owner for a long time to the dismay of many. I believe that it is more likely that Wang is interested in gaining minority partners to add new capital to the team. This capital would help the organization in many ways, but I believe its main purpose would be to buyout the coliseum lease early. This would allow for Wang and his partners to benefit form the projected increase revenue Brooklyn offers now. The only way I see Wang selling the Islanders outright is if someone is will to cover the loses he has suffered while owning the team. Unless that happens I can't see Wang turning his back on the opportunity to make back some of his money with the new stabilize foundation he created for the team in Brooklyn.
February 16, 2013
The New York Post is reporting that Charles Wang might be taking the first steps in selling the Islanders.
Apparently the move to Brooklyn and the Barcalys Center have made the Islanders more attractive and possible for Wang to reach his dream price of 300 million for the team. I caution fans not to get excited since this is in the early stages and may turn into nothing.