Brooklyn Sports & Entertainment CEO, Brett Yormark, doesn't believe the Islanders stay at Barclays Center makes any economic sense.
Yormark recently spoke with Sports Business Daily's John Lombardo about his company, and how Barclays Center has evolved since its inception five years ago. Everything has gone smoothly for the new arena except for the Islanders, who have not produced the numbers Yormark expected.
"The economics just don't work," Yormark said. "It's a Long Island team trying to create a fan base in Brooklyn, and to date it has been met with very modest success and not at the numbers we have hoped."
Per Newsday's Jim Baumbach, Islanders co-owner Jon Ledecky responded to Yormark's comments saying, "I guess he's saying the people on their side didn't make a good deal."
With the Islanders trying to find a new home, Ledecky said the team will be playing at Barclays Center next season. However, the team is focused solely on securing the right to build an areana at Belmont Park, NY. They submitted "a comprehensive proposal to create a world-class sports and entertainment destination."
The team can opt out of its remaining 23 years on their lease with the Barclays Center in January.