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Forums :: Blog World :: Dan Petriw: Breaking: Wang to sell Islanders
Author Message
Vukota
New York Islanders
Joined: 06.29.2007

Aug 19 @ 1:53 PM ET
https://twitter.com/CA_NY...01786139158904833/photo/1
JimmyP
New York Islanders
Location: Snow has melted!
Joined: 02.12.2011

Aug 19 @ 1:53 PM ET
Sooo Garth Snow might as well clean out his desk now, right?
- TheJerseyDevil1


Not if Wang is still in charge. Which means we're probably stuck with Cappy too.
JimmyP
New York Islanders
Location: Snow has melted!
Joined: 02.12.2011

Aug 19 @ 1:54 PM ET
Than might be asking for too much.
- jmo16





I hope not. No one lays out this kind of money to watch some clown flush it down the toilet.
Spartiarti
New York Islanders
Location: Long Island, NY
Joined: 09.04.2008

Aug 19 @ 1:57 PM ET
the natural reaction is to get excited but this smells terrible. Wang going to hose these guys badly. he will remain the majority owner. Meaning he calls the shots

He will remain majority owner for 2 years. That means when isles start to do well, he going to tell them sorry im not selling. You guys should sell back to me.


Wang needs an money to play a huge interest payment. If I were these guys I would run fast.

Barroway was what we needed. Not more Wang Drama.
Artyukhin76
Tampa Bay Lightning
Joined: 07.25.2009

Aug 19 @ 1:58 PM ET
Congratulation, the rain of stupid is nearly over on the Island!
GOODPLAYA20
New York Rangers
Location: "Are you gonna bark all day, l
Joined: 01.30.2012

Aug 19 @ 1:58 PM ET
THAT SON OF A female dog!!! HE MOVES THE TEAM TO BROOKLYN JUST TO SELL THEM ANYWAY!?! NOW WHERE AM I GONNA GO FOR CHEAP HOCKEY GAMES 15 MINUTES AWAY FROM MY HOUSE?!?
dcb1
New York Islanders
Location: Oak Ridge, NJ
Joined: 07.08.2006

Aug 19 @ 1:58 PM ET
I knew there was someone else, just didn't know who- the source wouldn't tell me- probably spooked by the hissy fit Chuckie threw the last time the information leaked....although what he thought I would do with it, I have no idea. Of course, it may have just been that there were several others, and he didn't know which one was going to be the winner. Despite what WE all know from the history of this franchise, they are going to be playing home games in NYC....that in itself is worth money, never mind the sweetheart lease.
Vukota
New York Islanders
Joined: 06.29.2007

Aug 19 @ 1:59 PM ET
the natural reaction is to get excited but this smells terrible. Wang going to hose these guys badly. he will remain the majority owner. Meaning he calls the shots

He will remain majority owner for 2 years. That means when isles start to do well, he going to tell them sorry im not selling. You guys should sell back to me.


Wang needs an money to play a huge interest payment. If I were these guys I would run fast.

Barroway was what we needed. Not more Wang Drama.

- Spartiarti


You post a lot of doozy's but this takes the cake. Do you go through the rest of your every day life waiting for the worst to happen?
dcb1
New York Islanders
Location: Oak Ridge, NJ
Joined: 07.08.2006

Aug 19 @ 2:01 PM ET
THAT SON OF A female dog!!! HE MOVES THE TEAM TO BROOKLYN JUST TO SELL THEM ANYWAY!?! NOW WHERE AM I GONNA GO FOR CHEAP HOCKEY GAMES 15 MINUTES AWAY FROM MY HOUSE?!?
- GOODPLAYA20



Nice one- but don't worry- I'm sure they'll put another sh*t hockey team there after they rebuild it. You'll just be paying $19 to see actual minor league hockey, instead of minor leaguers wearing major league uniforms.
golfbard
Chicago Blackhawks
Location: NY
Joined: 06.22.2007

Aug 19 @ 2:02 PM ET
the natural reaction is to get excited but this smells terrible. Wang going to hose these guys badly. he will remain the majority owner. Meaning he calls the shots

He will remain majority owner for 2 years. That means when isles start to do well, he going to tell them sorry im not selling. You guys should sell back to me.


Wang needs an money to play a huge interest payment. If I were these guys I would run fast.

Barroway was what we needed. Not more Wang Drama.

- Spartiarti


Isn't there an agreement that Wang will transition the team to the two of them in 2 years?
ses111
New York Islanders
Joined: 06.07.2008

Aug 19 @ 2:04 PM ET
Isn't there an agreement that Wang will transition the team to the two of them in 2 years?
- golfbard


There is. I doubt these guys are going to throw out huge money and let Charles call the shots. Charles has control for two more years than he can sit down and shut up.
Vukota
New York Islanders
Joined: 06.29.2007

Aug 19 @ 2:05 PM ET
Isn't there an agreement that Wang will transition the team to the two of them in 2 years?
- golfbard


Yup. That's why that post is comical
Vukota
New York Islanders
Joined: 06.29.2007

Aug 19 @ 2:06 PM ET
Katie Strang ‏@KatieStrangESPN 3m

Told that Isles sale will likely go to Board of Governors for approval in December
Jethro09
New York Islanders
Location: NJ
Joined: 08.16.2007

Aug 19 @ 2:06 PM ET
Uh...Wow. Not only is it amazing that Wang sold part of the team for real, but that Dee has yet another blog up and this time its about something relevant!
Dan Petriw
New York Islanders
Location: NY
Joined: 12.03.2006

Aug 19 @ 2:09 PM ET
the natural reaction is to get excited but this smells terrible. Wang going to hose these guys badly. he will remain the majority owner. Meaning he calls the shots

He will remain majority owner for 2 years. That means when isles start to do well, he going to tell them sorry im not selling. You guys should sell back to me.


Wang needs an money to play a huge interest payment. If I were these guys I would run fast.

Barroway was what we needed. Not more Wang Drama.

- Spartiarti



Once the sale goes through and is complete. Wang will not be able to change the deal like you are suggesting
Vukota
New York Islanders
Joined: 06.29.2007

Aug 19 @ 2:10 PM ET
Once the sale goes through and is complete. Wang will not be able to change the deal like you are suggesting
- Dan Petriw


I can't believe you had to actually post that
dcb1
New York Islanders
Location: Oak Ridge, NJ
Joined: 07.08.2006

Aug 19 @ 2:10 PM ET
Wang still has to deal with the lawsuit from the previous potential buyer.
- zerokarma


That suit is for peanuts....probably a non-refundable deposit they're trying to have refunded.
dcb1
New York Islanders
Location: Oak Ridge, NJ
Joined: 07.08.2006

Aug 19 @ 2:11 PM ET
Once the sale goes through and is complete. Wang will not be able to change the deal like you are suggesting
- Dan Petriw


Time for someone to attend Business Contract Law 101.
golfbard
Chicago Blackhawks
Location: NY
Joined: 06.22.2007

Aug 19 @ 2:12 PM ET
THAT SON OF A female dog!!! HE MOVES THE TEAM TO BROOKLYN JUST TO SELL THEM ANYWAY!?! NOW WHERE AM I GONNA GO FOR CHEAP HOCKEY GAMES 15 MINUTES AWAY FROM MY HOUSE?!?
- GOODPLAYA20


Is the new ownership tied to the Brooklyn lease? I assume so.
Jethro09
New York Islanders
Location: NJ
Joined: 08.16.2007

Aug 19 @ 2:12 PM ET
the natural reaction is to get excited but this smells terrible. Wang going to hose these guys badly. he will remain the majority owner. Meaning he calls the shots

He will remain majority owner for 2 years. That means when isles start to do well, he going to tell them sorry im not selling. You guys should sell back to me.


Wang needs an money to play a huge interest payment. If I were these guys I would run fast.

Barroway was what we needed. Not more Wang Drama.

- Spartiarti

Be positive bro. Wang is two years away from no more decision making power. I don't know where you're getting the bolded part from. There is no information out there to even suggest this as a possibility. Lets wait to hear the details about the purchase agreement before we worry that Wang will find a way to stay in a decision making role beyond the next two years.

This is a great day. There is light at the end of the tunnel. It may take two years to get there, but so what? At least we'll get there!
TheJerseyDevil1
New Jersey Devils
Location: Brick City, NJ
Joined: 10.05.2011

Aug 19 @ 2:12 PM ET
Not if Wang is still in charge. Which means we're probably stuck with Cappy too.
- JimmyP


I listened to an interview he did on NHL radio and it was bananas. The guy just didn't get it. I was expecting him to have this ellaborate explanation into his thought process of the Vanek trade, but he just had nothing.

He said the reason he did the trade was because he didn't want to pay Moulson what he was asking, which is nuts when you consider what he signed for and all the chemistry with the team.

And then he also said they'd roll the dice on the offchance Vanek would resign, because of the way the tampering rules work, he had no idea how Vanek felt before he made the trade.

I feel like if you're gunna be giving away those high draft picks and your top-line winger, you should have more certainty that you can keep what you're getting. It shouldn't just be a shot in the dark and a shrug of the shoulders if it doesn't work out.
Vukota
New York Islanders
Joined: 06.29.2007

Aug 19 @ 2:13 PM ET
Is the new ownership tied to the Brooklyn lease? I assume so.
- golfbard


I would have to think so. They are not going anywhere. Not directed at you but I still can't believe people still bring that up
golfbard
Chicago Blackhawks
Location: NY
Joined: 06.22.2007

Aug 19 @ 2:13 PM ET
There is. I doubt these guys are going to throw out huge money and let Charles call the shots. Charles has control for two more years than he can sit down and shut up.
- ses111


Exactly... if the team sucks next year, Wang will not be able to protect his pet Snow.
Spartiarti
New York Islanders
Location: Long Island, NY
Joined: 09.04.2008

Aug 19 @ 2:13 PM ET
You post a lot of doozy's but this takes the cake. Do you go through the rest of your every day life waiting for the worst to happen?
- Vukota



why is this a doozy? this is same man that took Sunjay - Co-Owner of Isles at first and promoted him to CEO of Computer Associates, only to make him a fall guy and he went to prison.

So tell me how minority ownership would have any bearing on Wang can do. Do you understand what Minority ownership means? you technically can share in profits but have no say in decisions.

You think Wang wont hose these guys two years from now? what can say if he says, I don't want to Sell. or better yet. My new price to buy me out is 500MM.
ses111
New York Islanders
Joined: 06.07.2008

Aug 19 @ 2:13 PM ET
Time for someone to attend Business Contract Law 101.
- dcb1


A Ranger poster on the main board wrote the BOG will nix the sale as there are too many lawsuits.
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