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Volume 24 No. 116
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          Islanders co-Owner Howard Milstein's bid for the Browns
     may be "problematic" for the team's future, according to
     Larry Brooks of the N.Y. POST, who examined what Milstein's
     possible departure would do to the NHL club.  Brooks wrote
     that Milstein "is the money man who is supposedly critical
     to fashioning a new arena in Nassau County.  If there's no
     Milstein, if there's no new arena, the hockey team will not
     be long for the Island."  Isles President David Seldin: "We
     don't believe that engaging in speculation is healthy for
     the franchise.  Howard may or may not get the Browns.  That
     may or may not have an impact on this ownership group. 
     Whatever happens with the Browns, co-owner Steven Gluckstern
     will certainly provide continuity."  Brooks wrote that if
     Milstein gets the Browns, Seldin "will almost certainly" go
     with him (N.Y. POST, 8/23).  NEWSDAY's Monte Young wrote
     that a new arena deal "could be delayed" if Milstein wins
     the Browns.  Morton Certilman, Negotiator for Nassau County
     Exec Thomas Gulotta: "I'm fearful of completing a deal and
     then having Milstein no longer be with the team and have to
     deal with a new owner."  Isles officials say that
     "everything is still a go and that they are not concerned"
     if Milstein decides to sell, as Gluckstern would "probably
     buy Milstein's interest" (Monte Young, NEWSDAY, 8/23).