Red Wings To Market New Venue At Comerica Sterling, Ballmer Meet About Clippers Sale Thunder Will Not Wear Tag Honoring '79 Sonics Orlando City SC Forms Fan Advisory Council Chiefs' Training Camp Locale For '15 Undertermined Plans Unveiled For Red Wings' Arena, District Astros Take PR Hit With Unsigned Top Pick Report: Bills Could Sell For More Than $1.1B Dolphins Look to Reclaim South Florida Market Vikings Suspend Priefer Three Games
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).