• Charles Wang hit with $10 million lawsuit for reportedly backing out of deal to sell Isles

    Summary of 4 articles · Updated Aug 11, 2014
    According to a report in the New York Daily News, Islanders owner Charles Wang is being sued by Philadelphia hedge-fund manager Andrew Barroway for $10 million after Wang backed out of a deal to sell the franchise for $420 million. We’re talking about ownership and a lawsuit. No reason was given and the team again cited a March statement where Wang said, “…potential buyers expressions of interest in the team or even my listening to them does not mean that any deal will be reached.” They signed Mikhail Grabovski for about market value, and though he comes with a little too much baggage for some, his possession stats are favorable and he should provide improvement on the second, or third, line, which the Islanders desperately needed.
    Source: yahoo.com
    • Suit claims Isles owner reneged on deal to sell

      In talks to purchase the New York Islanders just a few months ago, hedge fund manager Andrew Barroway is now suing team owner Charles Wang for $10 million amid allegations that Wang backed out of a deal to sell the team despite a handshake agreement bet…
      Source: ESPN.com
    • Report: Islanders owner Charles Wang facing $10 million lawsuit for backing out of $420 million sale

      In terms of the on-ice product, it’s been a pretty optimistic summer for the New York Islanders. And that’s saying something. Motivated by the fact their first round pick in next summer’s Connor McDavid draft is owned by the Buffalo Sabres, the Islander…

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