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SMG SAYS ITS SIDE HAS BEEN MISREPRESENTED IN ISLES DISPUTE
Published February 24, 1998
With the proposed sale of the Islanders in jeopardy, Nassau County Exec Thomas Gulotta called on PA-based Spectacor Management Group (SMG) "to drop its demands for a written statement that it is not in default" of its Coliseum lease, according to Ken Moritsugu of NEWSDAY. SMG must approve the Isles sale to Steven Gluckstern's group. SMG CEO Wes Westley: "We hope to get this worked out." Sources involved in the negotiations said that "little if any progress was made yesterday" (NEWSDAY, 2/24). Westley said that SMG's position has been misrepresented: "We like the new ownership group and we're excited about them coming in. All we've asked them for is a letter either stating what they see as any deficiencies in the building, or that there are no deficiencies at this point in time" (Ralph Vacchiano, N.Y. DAILY NEWS, 2/24). More Westley: "We just want to protect our rights. I would challenge anyone that says Nassau Coliseum is not clean and in very good shape for a 25-year-old building" (Tarik El-Bashir, N.Y. TIMES, 2/24).