GLUCKSTERN WORKS THROUGH LAST MINUTE SNAGS ON ISLES DEAL

          The NHL Board of Governors gave "unanimous" approval to
     the proposed sale of the Islanders for $195M to Steven
     Gluckstern and his co-investors, according to John Valenti
     of NEWSDAY.  Gluckstern said that he and Coyotes co-Owner
     Richard Burke met with NHL Commissioner Gary Bettman until
     early Sunday "completing the terms of a deal" to sell his
     half-share in the Coyotes to Burke.  Gluckstern said that
     "without the 11th hour agreement," he would have been "hard-
     pressed to pursue the purchase" of the team.  Sources said
     that Fleet Bank, the primary lending institution, "as well
     as the secondary lenders sought to change the refinancing
     rates, since Burke alone would be responsible for notes
     previously co-signed by him and Gluckstern" (NEWSDAY, 1/18).