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NY Islanders Sale Talk Part II

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His 20% of Forbes current valuation of the team worth (780 million) is only 156 million. That is way less than what is needed to buy the Islanders. AND, that 156 million would not be HIS money alone, the 20% he still owns is with a group of investors. Nothing to see here, he just wants to get out of the team owning business.

This would assume Ratner has NO other money other than whats he has invested in the Nets. I find this hard to believe. I'm sure he could put together something if he really wanted to. Him buying the Isles(alone or with a group) just makes so much sense.
 
This would assume Ratner has NO other money other than whats he has invested in the Nets. I find this hard to believe. I'm sure he could put together something if he really wanted to. Him buying the Isles(alone or with a group) just makes so much sense.

I hope you're right. I think he'd be a fine owner. He seems very Steinbrenner-esque in that he cares about his team's performance, not just an owner who wants a team as a toy or as a real estate ploy.
 
I hope you're right. I think he'd be a fine owner. He seems very Steinbrenner-esque in that he cares about his team's performance, not just an owner who wants a team as a toy or as a real estate ploy.

Tell that to the 2002 and 2003 conference champion Nets...

http://sportsillustrated.cnn.com/2009/writers/chris_mannix/12/02/nets/

http://www.netsdaily.com/2009/12/2/1355418/add-kidd-to-those-blaming-ratner

http://www.nydailynews.com/sports/b...e-ratner-blames-team-decline-article-1.415313

Sitting alone in that position is Bruce Ratner, New Jersey's cost-conscious owner who has overseen the dismantling of a franchise less than a decade removed from back-to-back Finals appearances. With the Atlantic Yards project in Brooklyn bleeding him for millions, Ratner's team paid the ultimate price. First to go was Kenyon Martin, allowed to sign a lucrative free-agent deal with the Nuggets. Then Jason Kidd, shipped off to Dallas. Richard Jefferson was dumped before the start of last season, and Vince Carter was traded out of town before the start of this one. Aside from the Kidd deal -- which returned All-Star point guard Devin Harris -- each one of the Ratner-approved moves were designed not to improve the team, but its bottom line.

"It has been sad to see what's happened out there," said an Eastern Conference official. "You can't be contenders forever, but that team had the kind of core that, with a few good drafts and free agent pickups, could have been a very good team for years."
 
I hope you're right. I think he'd be a fine owner. He seems very Steinbrenner-esque in that he cares about his team's performance, not just an owner who wants a team as a toy or as a real estate ploy.

I don't want Ratner anywhere near the Islanders. I was just posting the news about him selling his stake in the Nets at a time when the TV rights are going to be increasing the value big time, of the franchises in the NBA in 2 years with the new tv deal.

Also the whole Clippers saga is going to end with the Clippers being sold for over $1billion which would obviously increase the value of all the franchises then.

But I just thought there is a tiny possibility that Ratner is selling his Nets ownership to move onto the Islanders as he still has a big ownership of the Barclays Center.

Again, I stress this and I can't stress it enough, I don't want Ratner next or near the Islanders.
 
I don't want Ratner anywhere near the Islanders. I was just posting the news about him selling his stake in the Nets at a time when the TV rights are going to be increasing the value big time, of the franchises in the NBA in 2 years with the new tv deal.

Also the whole Clippers saga is going to end with the Clippers being sold for over $1billion which would obviously increase the value of all the franchises then.

But I just thought there is a tiny possibility that Ratner is selling his Nets ownership to move onto the Islanders as he still has a big ownership of the Barclays Center.

Again, I stress this and I can't stress it enough, I don't want Ratner next or near the Islanders.

Donald Sterling can buy them after he sells the Clippers. (Just joking. Would hate that to happen.)
 
Sigh. Does anyone bother to use facts anymore...

http://www.forbes.com/profile/mark-cuban/

I wasn't discussing the amount of money he had. I've read somewhere before that it is a big issue if an owner tries to own multiple sports franchises when they are in different cities. There becomes some sort of conflict of interest. Though, upon investigating it further, it could just be an issue with owning an NFL team + another sports franchise. There is only one NHL owner I can find who owned two franchises in different markets, and that's the Tampa Bay Lightning former owner who also owns the Detroit Pistons. Their current owner owns a minority stake in the Boston Red Sox. However, I'm not familiar enough with that situation to comment on whether or not an exception was made with the former owner.
 
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I wasn't discussing the amount of money he had. I've read somewhere before that it is a big issue if an owner tries to own multiple sports franchises when they are in different cities. There becomes some sort of conflict of interest. Though, upon investigating it further, it could just be an issue with owning an NFL team + another sports franchise. There is only one NHL owner I can find who owned two franchises in different markets, and that's the Tampa Bay Lightning former owner who also owns the Detroit Pistons. Their current owner owns a minority stake in the Boston Red Sox. However, I'm not familiar enough with that situation to comment on whether or not an exception was made with the former owner.

That only pertains to the NFL...that is an NFL rule. You can't own an NFL team and a team from another sport in an NFL market. Right here in our backyard...Josh Harris owns the Devils and the Sixers
 
Every fan of a crappily-owned team dreams of Mark Cuban buying them. I would love for him to take my Mets off the Wilpons hands. I could actually see that as a great fit. But for whatever reason, Cuban as owner of the Isles just doesn't go together. I think if he bought into hockey he'd want something more high-profile, something 'sexier' than the Isles.
He's definitely the ultimate pipe-dream to wish for as an owner, though. The polar opposite of Wang in just about every way. You just know he'd go balls-out to field the best product possible.
 
Every fan of a crappily-owned team dreams of Mark Cuban buying them. I would love for him to take my Mets off the Wilpons hands. I could actually see that as a great fit. But for whatever reason, Cuban as owner of the Isles just doesn't go together. I think if he bought into hockey he'd want something more high-profile, something 'sexier' than the Isles.
He's definitely the ultimate pipe-dream to wish for as an owner, though. The polar opposite of Wang in just about every way. You just know he'd go balls-out to field the best product possible.

I think he cares about the ability to make money. Buying the Islanders, if it were a good investment and something he was interested in, would be something he would probably do. There just isn't as much money in hockey as the other professional sports right now (or so I'm lead to believe).

Found this quote online about him being an owner of the Stars, "From my end, I like hockey, I'm a fan, but I'm not a hockey guy. l'm not going to lie and pretend I can come in and bring the energy that I try to bring to the Mavs" (http://sports.espn.go.com/dallas/nhl/news/story?id=4903811), so it would appear he won't be operating a team any time soon.
 
While the Islanders aren't "sexy", a team in NY has potential to be.

Sexy works for magazines and porn movies. You need to "show me the money" to get a sale. Potential is reserved for draft picks and lottery.

This comment made we lol.
 
We know Burroway is one potential owner. There are 2 others.

Maybe Nelson Peltz, who tried and failed to buy the Sens is another. He lives on LI.
 
We know Burroway is one potential owner. There are 2 others.

Maybe Nelson Peltz, who tried and failed to buy the Sens is another. He lives on LI.


How do *WE* know there are two other buyers for sure? We don't know much and won't know much until something actually happens.
 
We know nothing except what has been leaked and confirmed so far.
Barroway has had some talks with Wang regarding his interest in buying the Islanders.
Wang has published a Memorandum of Offer stating that he is interested in selling a majority 75% stake in the team and holding the remaining 25%.
That's what we know.

What has my interest is the reported $75MM note supposedly due this summer.
I assume that Wang would want to sell before having to plunk down that big nut if it can't be extended or refinanced.
Wang might be playing a game of chicken with any interested buyers to get the terms he wants, but if he has to pay this $75MM then the real pressure is on him to get a deal done if a deal is there to do.
 
We know nothing except what has been leaked and confirmed so far.
Barroway has had some talks with Wang regarding his interest in buying the Islanders.
Wang has published a Memorandum of Offer stating that he is interested in selling a majority 75% stake in the team and holding the remaining 25%.
That's what we know.

What has my interest is the reported $75MM note supposedly due this summer.
I assume that Wang would want to sell before having to plunk down that big nut if it can't be extended or refinanced.
Wang might be playing a game of chicken with any interested buyers to get the terms he wants, but if he has to pay this $75MM then the real pressure is on him to get a deal done if a deal is there to do.

The first installment of $10M is due at the end of the season, not the entire $75.
 
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