From Newsday’s Steven Marcus:
It’s not clear why Barroway has apparently ceased negotiations to buy the New York Islanders from Charles Wang (pictured), but the reported asking price of $400 million may have something to do with it. The latest valuation by Forbes pegged the Brooklyn-bound Islanders’ worth at $195 million.
Another possibility is that a new, higher bidder has emerged. Or, Wang may have decided to keep the team.