The future of the New York Islanders is up in the air following a report that surfaced early Friday morning. According to Bob McKenzie of TSN, Islanders owner Charles Wang is in talks to sell his majority stake of the team.
Nothing appears imminent at this time, but the initial talks have begun.
NYI owner Charles Wang in talks to sell majority stake in NHL franchise. Nothing done yet, no telling if it gets done, but talks underway.
— Bob McKenzie (@TSNBobMcKenzie) March 28, 2014
Since taking majority control of the team in 2004, the Islanders have struggled to see any success on the ice and the results have led to Wang losing millions and millions of dollars every year.
Starting in the 2015-16 season, the Islanders will be moving from Nassau Coliseum to the Barclays Center in Brooklyn, and if a sale of Wang’s stakes go through there could be plenty of changes ahead for the Islanders franchise.