HOWARD'S END? EDWARD MILSTEIN WANTS TO BUY ISLANDERS

          Isles co-Owner Edward Milstein "wants to buy a majority
     share of the team" from his brother Howard and co-Owner
     Steven Gluckstern, according to Alan Hahn of NEWSDAY, who
     writes that Edward "might" be the "savior" of the franchise. 
     Since August, a group led by former MSG President Bob
     Gutkowski has been in talks to buy the team, but a person
     familiar with the negotiations said that Gutkowski's group
     "has not produced the finances to buy the team and has
     hedged on different parts of the deal."  A source within the
     NHL's administration said that the league "doesn't expect a
     sale to the Gutkowski group to occur soon."  On Sunday,
     Gutkowski said "negotiations are continuing and moving
     toward some sort of closure.  We're still very interested." 
     But Edward Milstein said that the Gutkowski group "has run
     out of time already."  He added that "a deadline for the
     deal to be completed or killed is at the end of the month."
     That is when he will "raise the capital to buy out the other
     two owners for a majority share" (NEWSDAY, 11/16).