Friday, September 5, 2014

Did Charles Wang Have a Third Deal To Sell The Islanders?

According to fortune.com, Charles Wang had a third deal to sell the team on top of Andrew Barroways deal and the deal he ultimately settled on with Scott Malkin and Jonathan Ledecky.

The website reports that Wang had a deal with Peak Ridge Capital, a Boston based investment firm to sell them the team at an enterprise value of 508 million dollars.  The site reports that they had been in negotiations even longer then Wang was with Barroway and that on July 28th Wang told them they had a deal, but then on August 1st just like he did with Barroway Wang told them he was selling to someone else.

When reached for comment, Mike McNally, the CEO of Peak Ridge told Fortune that they had been in negotiations and he felt as though they had a deal.

Well, just when you thought it couldn't get crazier it does.  

1 comment:

  1. New York Islander Fan CentralSeptember 6, 2014 at 11:44 AM

    And why should Charles Wang not sell the team for the most money he can possibility make like anyone else would?

    Just be grateful because it's a miracle all these people wanted this team at any price and no one would touch it with Nassau County and Murray.

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