Toggle sidebar

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

CREW99AW

CREW99AW

Registered User
Mar 12, 2002
40,928
3,389
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/
Click to read more...
 
StumpNYI

StumpNYI

Registered User
Sep 10, 2010
2,031
85
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:
Killion

Killion

Registered User
Feb 19, 2010
36,763
3,215
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.
 
CREW99AW

CREW99AW

Registered User
Mar 12, 2002
40,928
3,389
StumpNYI said:
A lot can happen in 3 and half 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.
Click to expand...



I agree that a lot can happen in 3 and 1/2 yrs.
 
KevFu

KevFu

Registered User
May 22, 2009
9,155
3,396
Phoenix from Rochester via New Orleans
Melrose Munch said:
Really? Vitamin Water revenue is only 350 mil so where is this billions coming from.
Click to expand...

OthmarAmmann said:
From selling it to Coke
http://www.equestrianlife.com/mw/Repole_Stable
Click to expand...


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.
 

Puckschmuck*

Guest
I heard some rich dude from Hamilton is looking to buy a team..........what was his name again ;)
 
Last edited by a moderator:
tarheelhockey

tarheelhockey

Offside Review Specialist
Feb 12, 2010
85,191
138,502
Bojangles Parking Lot
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.
 
DeathToAllButMetal

DeathToAllButMetal

Let it all burn.
May 13, 2010
1,361
0
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.
 
kdb209

kdb209

Registered User
Jan 26, 2005
14,870
6
ToddGillForever said:
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.
Click to expand...

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.
 
GKJ

GKJ

Global Moderator
Feb 27, 2002
186,856
38,941
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.
 
KevFu

KevFu

Registered User
May 22, 2009
9,155
3,396
Phoenix from Rochester via New Orleans
kdb209 said:
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.
Click to expand...

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.
 
Bexlyspeed

Bexlyspeed

Registered User
May 21, 2011
2,070
219
Astoria, Queens, N.Y
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
 
CREW99AW

CREW99AW

Registered User
Mar 12, 2002
40,928
3,389
Bexlyspeed said:
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
Click to expand...

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.
 
y2kcanucks

y2kcanucks

Le Sex God
Aug 3, 2006
71,229
10,319
Surrey, BC
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.
 
You must log in or register to reply here.

Ad

Latest posts

Upcoming events

Ad

Ad

Top Bottom