charles wang

New York Islanders majority owner Charles Wang took out space in Friday's edition of Newsday to thank fans for their support this season and express his excitement about the team moving forward. The letter appears on page A57 of the newspaper.

Wang is the majority owner of the team until 2016 when Jonathan Ledecky and Scott Malkin take over control of the franchise.

Tags: charles wang, Islanders, new york islanders, News
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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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It has been a summer of change for the Islanders this year.

Investment into a quality product on the ice, a new building on the horizon and now an end to the ownership drama that has been the part of the team's narrative for the last few months, if not years. It is a means to an end for the team and their fan base that may finally being seeing the light at the end of the tunnel.

Charles Wang's ownership of the Isles has been a bumpy road and has -- as development projects have failed and the team struggled on the ice -- divided the team's fan base over their perception of him. Some like him and others... well, they were not too thrilled with his management of the team.

Tags: charles wang, Islanders, Jonathan Ledecky, new york islanders, Scott Malkin
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At a press conference today in Brooklyn, the Islanders announced a 25-year long partnership with the brand new Barclays Center arena. The move comes after years of inaction and road blocks in their current home of Nassau County, while trying to build anew arena or renovate the 40 year old Nassau Coliseum. The deal erases any lingering doubts that the team would leave the New York area for Kansas City, Quebec or any other North American hockey market as it does not have an opt-out clause for the team.

Islanders owner Charles Wang was joined by many in the organization including President Michael Picker, GM Garth Snow, Assistant Coach Doug Weight, and team legend Mike Bossy at the Barclays Center. Also in attendance were NYC Mayor Michael Bloomberg, Barclays Center CEO Bruce Ratner, NHL Commissioner Gary Bettman, and Brooklyn Borough President Marty Markowitz.

Tags: arena, Arena News, barclays center, bruce ratner, charles wang, Islanders, marky markowitz, michael bloomberg, News, Editorial Aside
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