2 potential,local buyers for the Isles if Wang wants out

Discussion in 'Fugu's Business of Hockey Forum' started by CREW99AW, Jun 11, 2011.

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  1. CREW99AW

    CREW99AW Registered User

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    Just months before the 2011-2012 regular season ended,the press had reported that NY billionaire Nelson Peltz wanted to buy the Islanders.Wang quickly came out with a statement, that the team was not for sale.

    Yesterday,BD and mattyboy,were listening to Mike Francesa's radio interview with Mike Repole.Repole co-founded Vitaminwater.He sold his shares for huge bucks and is a billionaire now.They talked about his horse not being healthy enough for the Belmont Stakes and his failed bid to buy into the Mets ownership.Repole wanted to be the majority owner and the Wilpons didn't want to give up control of the franchise.They found another investor.

    The interesting part for NYI fans,is that Repole said he'd like to own the Mets,NY Jets or the NY Islanders.The Wilpons don't want to sell.I can't see Woody Johnson giving up his NFL cashcow,the NY Jets.

    It's good that there are local options in case Wang wants to sell.

    Peltz
    http://articles.nydailynews.com/201..._islanders-game-barclays-center-willets-point


    Repole's interview was June 10,2011
    http://newyork.cbslocal.com/audio-on-demand/mike-francesa-1/
     
  2. StumpNYI

    StumpNYI Registered User

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    A lot can happen in 3 and 1/2 years. Not saying this isnt good but I think Wang has no interest in selling this team until 2015. This does help with any doubts about this team leaving the area. I just cant see it happening. There is probably a lot of very rich people local to the Isles that would love to own a new york sports franchise.
     
    Last edited: Jun 11, 2011
  3. Killion

    Killion Registered User

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    Ya, thats great to hear. I suspected there'd be people interested in taking the team off of Wangs' hands if push comes' to shove.
     
  4. Melrose Munch

    Melrose Munch Registered User

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    Really? Vitamin Water revenue is only 350 mil so where is this billions coming from.
     
  5. OthmarAmmann

    OthmarAmmann Omnishambles

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    Assuming they stay in Nassau, I'd like to see a new venue that is more convenient to the LIRR

    From selling it to Coke

    http://www.equestrianlife.com/mw/Repole_Stable
     
  6. CREW99AW

    CREW99AW Registered User

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    I agree that a lot can happen in 3 and 1/2 yrs.
     
  7. No Fun Shogun

    No Fun Shogun 34-38-61-10-13-15

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    In other words, one less team for Nordiques fans to hold out hope for.
     
  8. StumpNYI

    StumpNYI Registered User

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    lol I see what you did there. :help:
     
  9. KevFu

    KevFu Registered User

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    When Vitamin Water first came out, they went after some big athletes/celebs to do advertising (David Ortiz, Brian Urlacher, David Wright, 50 Cent). They offered a stake in the company because they couldn't afford to write checks for endorsement deals.

    I think Wright had like a 0.5% share in the company, while Fitty had like 4%.

    Needless to say, they made some loot selling to Coke.
     
  10. Puckschmuck*

    Puckschmuck* Guest

    I heard some rich dude from Hamilton is looking to buy a team..........what was his name again ;)
     
    Last edited by moderator : Jun 13, 2011
  11. Blue Dragon

    Blue Dragon Registered User

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    I think the most important single thing to happen in the next 3.5 years Islanders-wise happens in about 5 months.
     
  12. tarheelhockey

    tarheelhockey Highest Boss

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    As always, be wary of the recent-billionaire-who-wants-a-toy. A lot of the worst, flakiest owners in the league come from that background -- including Wang himself.
     
  13. DeathToAllButMetal

    DeathToAllButMetal Let it all burn.

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    Getting a local owner is all fine and dandy, but where are the Wang-less Islanders going to play? The problem with NYI is owner and arena.
     
  14. knorthern knight

    knorthern knight Registered User

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    ??? I thought the referendum on the new arena was August 1st.
     
  15. kdb209

    kdb209 Registered User

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    They will continue to play in the Mausoleum thru 2015 when the lease expires - just as Wang would have.

    After that, they either come up with their own arena plans - yet another NVMC upgrade/replacement, Brooklyn, Queens, Suffolk - or they own a relocatable franchise to move or sell to the highest bidder.

    It's pretty clear, after GB's repeated comments about the need for a new arena on the Island and the League's handling of the Atlanta situation that they would have no qualms about letting the Isles move.

    This all assumes the arena vote fails in August. Of course, even if it passes, Wang could still decide he's had enough and sell anyway - in which case the new owners would go forward with the County's current plans.
     
  16. GKJ

    GKJ Global Moderator

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    Mike Repole will be for real. He's become a prominent horse owner in a relatively short amount of time. And he's in it to win.
     
  17. KevFu

    KevFu Registered User

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    If the arena plan goes through, Wang's ideal time to sell is basically right as the new arena is opening. The franchise value will be at its peak. The expected revenues will be at their all-time high. The future will be the brightest. So he'd get the largest value for the franchise he's going to get.
     
  18. Blue Dragon

    Blue Dragon Registered User

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    My mistake. I thought that the referendum would be on election day.
     
  19. Bexlyspeed

    Bexlyspeed Registered User

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    If they do not get the arena deal done in August i think wang will sell. i always thought that he would sell to somebody who would move the team. but with local interest there are a few places the Islanders could play, one being Brooklyn in the Nets new Arena and the other was a proposal in queens to build an arena near citifield, both are next to public transportation (Local Subways and LIRR).

    options are always good
     
  20. CREW99AW

    CREW99AW Registered User

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    The proposal that makes the most sense to me, is putting a roof that opens and closes on the National Tennis Center in Queens.

    I'd think that would cost less then building a brand new arena.
     
  21. Cowen2

    Cowen2 Registered User

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    What about saten island
     
  22. Evil Doctor

    Evil Doctor Cryin' Hank crying

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    Well isn't that special...



    :naughty:
     
  23. IceAce

    IceAce Strait Trippin'

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    LOL Staten Island is a floating garbage dump.
     
  24. y2kcanucks

    y2kcanucks I Am Negan Sponsor

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    I really hope the Islanders sort out their mess. There's too much history there and too much inherent value in the team for it to be folded or relocated. Under proper management there's no doubt in my mind this team can succeed as it has in the past.
     
  25. Cowen2

    Cowen2 Registered User

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    well if the island built a new arena on Staten , Staten Island may have a chance to built a mini city around it with offices ,shops , and condo
     

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