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Volume 24 No. 156
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          New York Sports Ventures (NYSV), headed by Steven
     Gluckstern and Howard Milstein, formally announced its $195M
     purchase of the Islanders yesterday at Nassau Coliseum,
     according to John Valenti of NEWSDAY.  Milstein: "Today we
     make a personal pledge to our fans to create a first-rate
     experience, both on the ice and throughout the Coliseum." 
     With that, the Isles announced the implementation of "Fan
     Forum," forums before six home games in March and April that
     will allow fans to talk directly to the new owners about the
     team.  There are also plans to return to the original blue,
     orange and white jerseys with the original logo full time,
     "perhaps as soon as next season."  The team also announced a
     staff "shake-up," including the dismissal of two "long-time
     members of the communications staff," VP/Communications
     Patrick Calabria and Dir of Special Events Maureen Brady. 
     Team sources said that neither dismissal "was a reflection
     of performance and that the positions have been eliminated." 
     However, NYSV President David Seldin said that his wife,
     Judy, will be responsible for managing future community
     relations programs, a position similar to the one she held
     with the NFL Jaguars (NEWSDAY, 2/27).  Two season-ticket
     sales account execs were also dismissed (N.Y. POST, 2/27).