Monday, March 31, 2014

Who Is Andrew Barroway?

Tonight, the New York Post reported that Islanders owner Charles Wang was in negotiations with Philadelphia lawyer Andrew Barroway to sell him the Islanders for 225 million plus 75 million should the Islanders hit some profit targets.

According to his linkedin page, Barroway graduated University of Pennsylvania Law School in 1991.  Just the following year he began working at Barroway, Topaz, Kessler, Meltzer & Check LLP in Philadelphia.  He would remain there for 17 years.  In 2009, Barroway founded Merion Investment Management LP.

Barroway first tried to break into the sports ownership ranks in 2006 by purchasing the NBA's Philadelphia 76ers.  However, the sale fell apart because he wasn't able to come up with the money.

Then last summer, Barroway attempted to get in the NHL ownership ranks by buying the at the time financially troubled Devils.  However, Barroway pulled an offer of his of 170 million and after an exclusive negotiating deadline came and went the two sides never were able to see eye to eye and the Devils were sold to a group led by Joshua Harris.

While it would be natural for us to be skeptical because of what we have been through, I think if this comes to fruition we need to give the guy a chance before we totally vilify him

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