THE ISLES ON HOPE: COMPUTER ASSOCIATES SET TO BUY TEAM

          Long Island-based Computer Associates Int'l CEO Charles
     Wang & COO Sanjay Kumar yesterday "finally completed the
     nearly" $180M purchase of the Islanders, pending NHL
     approval, in a deal that was agreed upon in principle
     earlier this month, according to Peter Botte of the N.Y.
     DAILY NEWS.  Wang and Kumar were to be introduced at a press
     conference this morning as the team's fourth ownership group
     in five years, and Botte writes the sale "at least gives
     hope that the Islanders could be a viable professional
     sports franchise" for the first time since they captured
     four consecutive Stanley Cups from '80-83 (N.Y. DAILY NEWS,
     4/26).  NEWSDAY's Hahn & Young write that the agreement is
     for $190M.  A source "familiar with the deal" indicates that
     the deal "does not include plans for" a new arena or lease
     with Nassau Coliseum landlord SMG, but the deal "is
     considered the first step toward replacing the Coliseum and
     renegotiating" a lease with SMG (NEWSDAY, 4/26).