According to the New York Post's Josh Kosman, the New York Islanders may finally be facing the one personnel move that may free them from their status as professional cellar dwelers: it appears that Charles Wang may very well be ready to finally divest his interest in the dysfunctional team:
The New York Islanders appear to have started a new effort to find a buyer, The Post has learned. Owner Charles Wang has been in talks with The Raine Group, a Manhattan investment bank, regarding the sale of the money-losing team, two sources said.
Talks between Wang and Raine are said to be preliminary and the team owner hasn’t hired Raine — so the effort could lose steam.
An Islanders spokesman said there is no truth to the story. Raine could not be reached for comment.
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