Wang to sell majority stake in Islanders

[Stud_McCool]

Is it a coincidence that the two powerhouse teams of the 80's are the laughing stock of the NHL 30 years later?

[TheDebaser]

Originally Posted by Stud_McCool

Is it a coincidence that the two powerhouse teams of the 80's are the laughing stock of the NHL 30 years later?

Yes

[Wedge]

Originally Posted by Stud_McCool

Is it a coincidence that the two powerhouse teams of the 80's are the laughing stock of the NHL 30 years later?

I hate to be the one to bring it up, and I really like our team, but Calgary may have been the third best team of the eighties ... and we aren't really killing it these days.

Debbie Downer

[Wedge]

The good news is the Cansucks would be deemed more of a laughing stock than us. Gong show.

[dying4acup]

Originally Posted by Wedge

I hate to be the one to bring it up, and I really like our team, but Calgary may have been the third best team of the eighties ... and we aren't really killing it these days.

Debbie Downer

We are by comparison. And WE WILL WIN A CUP BEFORE THOSE 2 LOSERS!!

Btw isn't snow a former Canuck?

#vancouverisnogood

[Beatle17]

Originally Posted by Enoch Root

The Nets were worth $1.5B??

As per Forbes net worth is $450M. Big money but not even in Wangs range

[Enoch Root]

Originally Posted by Beatle17

Jay-Z, haha. He owned 1/15 of 1 percent of the Nets (Forbes magazine) which he had purchased for $1M dollars. Sorry for this, he is a rich guy but his influence on the sporting world is just above zero. He does have money, about half of what Charles Wang has.

Charles Wang was a kooky and cheap owner but he put a ton of money overall into the Islanders team and tried everything to keep them in Nassau. He tried all sorts of development ideas to build a new arena, including no government financing, but couldn't get any support from the county. He knew nothing about running an NHL team but don't confuse that with how much he tried.

Originally Posted by Resolute 14

Not that much, but more than I expected. They are worth $780 million.

http://sports.yahoo.com/news/prokhor...7557--nba.html

Originally Posted by Beatle17

As per Forbes net worth is $450M. Big money but not even in Wangs range

Whether they are worth $450M or $780M, Jay-Z is an idiot either way (if he in fact paid $1M for 1/15th of 1% of the Nets)

($1m = 1/15 of 1% of $1.5B)

[Dan02]

Originally Posted by Enoch Root

Whether they are worth $450M or $780M, Jay-Z is an idiot either way (if he in fact paid $1M for 1/15th of 1% of the Nets)

($1m = 1/15 of 1% of $1.5B)

Call me crazy but for some reason I don't think this was an investment...