Today,
the Daily News reported that Andrew Barroway alleges in court documents, that Charles
Wang backed out of a handshake agreement to sell him (and NY ICE) the team for
$420 million (in March.) This was apparently after he (Wang) learned of the Clippers being sold for $2
billion (to Ballmer). It was then that Wang allegedly wanted to up the sale price of the Isles to $548
million.
So
we learned the deal was reported to be off between Barroway and Wang about a
week ago. Apparently, Wang’s refusal to
go through with the previously agreed deal was the cause of a $10M lawsuit from
prospective owner, Andrew Barroway per a prior agreement. When the higher $548M price was allegedly demanded
by Wang, Barroway felt “blind-sided” and refused. Barroway also contends it was then that Wang had
apparently mentioned that he had sold the team to other bidders.
Per the Daily News, “Wang, whose greed was further stoked by the Ballmer bid, … set on a course of bad faith conduct to improperly renege on the agreement and eventually blind-side NY ICE with a substantially-increased price demand,” the lawsuit states.
Apparently,
the deal that was negotiated in March had NY ICE gaining “100% of the equity in
the Islanders and Wang’s corporations, CBW Inc. CBW LP and CBW LLC, would get a
25% interest in NY ICE.”
To
conclude the purchase of the team, Barroway would need to put up “$100 million
in cash and an $84 million promissory note.”
In addition, it is reported that Barroway “was to assume Wang’s $125M Bank
of America loan & team-related debt court papers say.”
Per
the Daily News, “NHL deputy commissioner Bill Daly said the league has no
comment other than to say they view the matter as a “private dispute.” The
Islanders, in a statement, said: “There is no merit to the reports.”
@nyifancentral
mentions, “So Barroway wants ten mil for 5 months of
negotiations? Funny Wang/Rechler never sued Nassau/TOH for 20m for 5 years of
negotiations?” While I am not attacking
or defending Charles Wang here, it is pertinent to bring up Barroway’s backing
out of negotiations to purchase the cash strapped N.J. Devils
organization in the recent past.
***
It
is evident that one could expect the Isles to go as far as John Tavares, Kyle
Okposo, Frans Nielsen, Travis Hamonic and Jaro Halak will take them. But what cannot be ignored is how important it will be for some promising rookies and 2nd year players to have major success for the team this season.
Nelson,
Strome, Lee, de Haan, Reinhart & possibly Pulock will need to rise to the
opportunity they will be given, and to those who got a look last year,
continue their big league success from last season. Successes
like the Isles going 21-11-5 with Ryan Strome in their line up. Nelson was good from the start of the season,
Strome & de Haan made an immediate impact after being called up and Anders
Lee showed signs of being a solid NHL power forward. Griffin Reinhart will get every opportunity
to make the team out of camp and Ryan Pulock has vowed to push himself as far
as he can to make the team this season.
This is a good sign for a defense that needs to improve in any way it
can. This years camp promises to be interesting. Lets hope the competition brings out the best
in everyone and the best players available get the NHL roster spot.
Isles
Notes:
Tony
Stabile mentions that, “@corypronman releases top 100 prospects for ESPN. Isles
have 7 prospects listed: 9. Dal Colle, 20. Griffin Reinhart, 41, Ville Pokka,
75. Sebastian Collberg, 82. Ryan Pulock, 84. Josh Ho-Sang and 93. Adam Pelech.
Reinhart (20th) was previously ranked 34th on the top 100. Isles Collberg went
from 90 to 75, Pulock fell from 24 to 82.”
Islanders
Tavares to have his #91 retired by Oshawa.
Isles
prospect, Taylor Cammarata has been cut from Team USA evaluation camp.
Per
@NHLFREEAGENTS, Hamilton Bulldogs signed former Isles defensemen Joe Finley to
a one-year AHL contract.
"Playing
for the Islanders, you age in dog years." Rick DiPietro co-hosting with
Alan Hahn on Espn Radio.
NHL
Notes:
The
San Jose Sharks will host the LA Kings in the 2015 Stadium Series at Levis
Stadium in Santa Clara, Ca. on February 21st.
Per
@EyeOnHockey, “Report: Still unsigned as a RFA, Bruins D Torey Krug has
contract offer from KHL team.”
Hockey Notes:
KHL
looking to hold epic game at 2,000 year old Roman stadium 'Arena di Verona' in
Italy.
No comments:
Post a Comment