Wang, 69, became part-owner of the Isles in 2000, then assumed majority control in 2004 after buying out partner Sanjay Kumar. The team has struggled both on the ice and financially since Wang’s been aboard, making the playoffs just two times while reportedly losing an estimated $10 million per season.
The Islanders are slated to move to Brooklyn’s Barclays Center beginning in the 2015-16 campaign, which would end their occupancy on Long Island, a place Wang has a long history with. He spearheaded the now-defunct Lighthouse Project — a proposal to transform the Nassau Coliseum and surrounding area into a modern suburban locale — which was voted down in 2011, two years after Wang said he regretted buying the Isles in the first place.
“If I had the chance I wouldn’t do it again,” Wang told Newsday at the time. “Never in my life, would I have anticipated this thing [Lighthouse Project] could be dragged out for seven, eight years.”
It’s also worth noting this isn’t the first time claims have surfaced suggesting Wang was looking to sell the team. In 2012, the New York Post reported the Isles were available to be purchased… for an estimated $300 million.
Stars place Lehtonen on IR, call up Campbell and Nemeth
Tim Gleason has likely played his last NHL game. The 32-year-old defenseman has informed the Carolina Hurricanes that he no longer wishes to continue his professional tryout.
“Tim informed us today he wasn’t going to continue to pursue his tryout,” said GM Ron Francis, per the club’s website. “He looked and felt good physically, but didn’t feel up to the grind of the NHL mentally.”
“We got outcompeted in the second period, badly,” Mark Letestu told the team’s website. “Whether it was little puck battles or even just executing on systems. It played right into their game. When you get behind a team like this that’s so dominant in the circle it’s tough to generate chances to come back. We didn’t deserve to win this one at all.”
As if things weren’t bad enough, the Oilers also lost Nail Yakupovto injury after a linesman (yes, a linesman) fell on top of him.
After the game, head coach Todd McLellan didn’t hold back:
"That's a really disappointing effort from our hockey club… We weren't a very determined team." McLellan on the #Oilers defeat