SMG SAYS ITS SIDE HAS BEEN MISREPRESENTED IN ISLES DISPUTE

          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).