owner/former owner of Islanders hit with $10 million lawsuit, team sold?

[Zjack38 46]

http://www.nydailynews.com/sports/hockey/islanders-owner-charles-wang-hit-10-million-lawsuit-article-1.1899742

[TeamHonda401 54]

Getting rid of Wang would be the best thing that has ever happened to the Isles. One of, if not the worst owners in sports.

[Chadd 916]

Well, if Wang can sell it for $100+M more, then it's worth losing the $10M lawsuit.

[RadioGaGa 162]

What a difference. NY Islanders and Buffalo Bills. Both have had their glory days and Hall of Famers, both have struggled mightily in recent history, yet the NFL team is being sold for around 1 BILLION, and the NHL team could go for $100M.

[Chadd 916]

What a difference. NY Islanders and Buffalo Bills. Both have had their glory days and Hall of Famers, both have struggled mightily in recent history, yet the NFL team is being sold for around 1 BILLION, and the NHL team could go for $100M.

I thought the agreement was for $420M and Wang now wants $580M?

[RadioGaGa 162]

Sorry...misread your previous message...I though you meant he was only trying to sell it for $100M. *I didn't read the article!

[Chadd 916]

Sorry...misread your previous message...I though you meant he was only trying to sell it for $100M. *I didn't read the article!

Nah, just saying that losing a $10M lawsuit is worth it, if you can make up that extra $160M in selling price.

[Goonsquad 209]

Any merit to this?

http://prohockeytalk.nbcsports.com/2014/08/19/breaking-wang-sells-isles-to-ex-caps-owner-ledecky/?utm_source=FB%20-%20NHL%20on%20NBC%20Sports&utm_network=facebook&utm_post=2938133&utm_tags=

[chippa13 1844]

It is on the Isles website.

[Goonsquad 209]

I master the obvious!

[Tech1208 27]

New annoucement today, and at least the new minority and soon to be majority owner has expereince with a NHL Team (Capitals). Hopefully at least some post season games will be in the near future. As for the lawsuit, I'm sure it will all get settled before any money is spent on a lengthy trial.