Today, in court papers filed by Barroway against Wang we learn a lot more about why they fell apart. One interesting thing is that the papers state that on August 1st Wang informed Barroway that he decided to sell the Islanders to "...other bidders."
Now, does that mean Wang has sold the team to someone else? Or that he is listening to other people now that his talks with Barroway have fallen apart? My bet is that it is the latter, but this saga has been so unpredictable that it is anyone's guess.