01-30-2017, 02:25 PM
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#1
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Franchise Player
Join Date: Dec 2003
Location: Sector 7-G
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Barclays Center Is Dumping the Islanders
Looks like the Islanders will be looking for a new arena.
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After two years and countless complaints, Brooklyn’s Barclays Center has concluded it’s no longer worth it to host the New York Islanders.
The arena, which is already home to the NBA’s Nets and one of the world’s top-grossing concert venues, would make more money without the National Hockey League team, according to people familiar with the facility’s financials.
Russian billionaire Mikhail Prokhorov, who owns the building and the Nets, has since November been seeking an investor to take a stake in both. As of earlier this month, a financial projection shared with potential investors showed the Islanders won’t contribute any revenue after the 2018-19 season -- a clear signal that the team won’t play there, the people said.
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Quote:
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The lease can be terminated by either the Islanders or arena management. If the team cancels, it can leave after next season. If Barclays Center nixes the deal, then the Islanders’ tenancy would end after the 2018-19 season. Then the question becomes: Where will the Islanders play?
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https://www.bloomberg.com/news/artic...-the-islanders
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