Bulls Brass Parts Ways With Thibodeau Minneapolis MLS Team A Long-Term Investment Senators' Murray Stepping Down After '15-16 Franchise Notes Lightning Take Social Media Taglines To Market Bears' McCaskey Second-Guessing Signing McDonald Hamilton Boosting MLB Rangers' Metrics Vegas NHL Group Well Past Ticket Deposit Goal NHL Playoffs Seeing More Goals In Conference Finals Should Bears Be Punished For Signing McDonald?
Upcoming Conferences and Events
NEWSDAY REPORTS ISLES SALE MAY HAVE HIT A SNAG
Published January 16, 1998
The NHL's anticipated approval tomorrow of the $195M sale of the Islanders to a new investment group "has been thrown into doubt," according to sources of Riley, Smith & Moritsugu of NEWSDAY. Two "insiders" said that the snags stemmed from "difficulties" Steven Gluckstern "is having in finalizing a deal to sell his half-interest" in the Coyotes to partner Richard Burke. The sources added that "[f]ailure to consummate that deal" would prevent Gluckstern from being a 40% partner with Howard Milstein, Steven Ross and investor Daniel Doctoroff in the Islanders investment group. Riley, Smith & Moritsugu: "Amid a welter of conflicting information, it was unclear whether the last-minute problems were minor hangups, a negotiating ploy or a major roadblock." Islanders Owner John Pickett, asked if the deal had hit a "major snag": "You're misinformed." Gluckstern and Milstein would not comment (NEWSDAY, 1/16).