Andrew Barroway

Andrew Barroway, the Philadelphia hedge fund manager who tried to purchase the Islanders from current owner Charles Wang, has dropped his lawsuit against Wang, according to a report by Newsday.

Barroway was seeking either an enforcement of the deal, he believed Wang and himself had agreed upon to sell the team, or a $10 million "break up" fee. Barroway filed suit on August 11, alleging that Wang backed out of a handshake agreement to sell the Islanders to him for $420 million.

Wang later sold the Islanders to Jon Ledecky and Scott Malkin, which was approved by the NHL Board of Governors on Tuesday. Barroway is reportedly vying to purchase a majority stake in the Arizona Coyotes, which was first reported by the New York Post on Thursday. As part of a purchase of the Coyotes, according to the Post, Barroway would drop his lawsuit against Wang.

Tags: Andrew Barroway, charles wang, Islanders, new york islanders, News
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Brooklyn Nets ownership is looking to combine assets with the ownership group of the Los Angeles Dodgers, according to NetsDaily.com

So what does this have to do with the Islanders? If Mikhail Prokhorov's?ONEXIM Sports and Entertainment and?Guggenheim Sports and Entertainment Assets "merge assets" it will play a factor into how the renovation of the Nassau Coliseum is financed

From Nets Daily:

Tags: Andrew Barroway, Arena News, barclays center, bruce ratner, Islanders, Islanders Notebook, Los Angeles Dodgers, Mikhail Prokhorov, nassau coliseum, new york islanders, News, ONEXIM Sports and Entertainment
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