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| Islanders on thin ice: Old arena, weak play | |
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| Tweet Topic Started: Jan 16 2011, 08:05 AM (3,507 Views) | |
| Jackace | Feb 15 2011, 04:56 PM Post #101 |
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I'm a former accountant/analyst and I'm not sure how anyone on this baord can definitively say how much wang has profited or lost with the hockey operation side of his business without seeing his annuals and filings. If you are going solely by Forbes valuations you would need to see what information the NHL had handed over to them on their behalf. And I would assume that the NHL submits numbers that makes them look far more dire to the league to help their position in a CBA. But unless you are privy to the real numbers you are merely speculating what you feel...which doesn't make it true. If anyone has Wangs Isles' operation's numbers I would love to take a look at it for my own curiosity. |
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| Mulefan | Feb 15 2011, 05:46 PM Post #102 |
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He is also running the team on a bare minimum payroll. If we are gonna improve we are not just gonna have to ante up for the young developing players we have now, we also need to add a couple of expensive pieces. So unless he is making a decent profit now extending the lease isn't gonna do the trick unless you want us to keep running the team as is which will lead to us losing our best young players because we won't be able to afford them. |
| Pete | |
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| stevedepot | Feb 15 2011, 07:48 PM Post #103 |
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I'm sure Charles Wang would gladly offer you his REAL set of books for your evaluation. |
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| Shooter | Feb 15 2011, 09:06 PM Post #104 |
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:lol:
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| rst033 | Feb 15 2011, 09:31 PM Post #105 |
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lets face the facts how much money do you need for a new arena? $500mil? the TOH gave the greenlight for a new building. so i don't know what the problem is. well we know what the problem is, Wang bought the team to get the inside track to develop the area with condos and office buildings-by the wayy Nassau county and downstate NY doesn't have the economic backbone to support new condos and office buildings. so this big white elephant called the lighthouse project was a waste of time. what brings is back to the current and only tenants of NVMC the Islanders pluses: great TV contract huge market great history minuses bad arena deal no money from concessions or parking no luxury boxes no train service far from NYC Nassau/NY economy in the dumps the best result for the Islanders is move right next door to Citifield easy to get too-trains cars close to Manhattan -more attractive to free agents a new arena adds revenue to the Islander making it a more viable franchise what's the value of the islanders right now? 200mil? move it closer to NYC in a new building add another 150-200 to the overall value. |
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| IslandersWin86 | Feb 15 2011, 09:58 PM Post #106 |
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^ - arena lease was changed so Wang now has complete control of concessions, parking , etc. - driving to citi field is a bitch. Train ride from Long Island is a pain too. Value of Islanders right now is hovering around 150 mil |
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| stevedepot | Feb 15 2011, 10:23 PM Post #107 |
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Did you see the local reports today about Trump hinting at buying the Mets? Wonder if he would also...
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| oldislesfan | Feb 15 2011, 10:29 PM Post #108 |
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everyone is entitled to his own opinion, but not his own facts. |
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| Jackace | Feb 16 2011, 06:22 AM Post #109 |
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I guess that is exactly my point. No one knows for sure what his financial situation is, even though there are lots on this board who profess that they do know. I like sarcasm too.
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| 25yearfan | Feb 16 2011, 07:34 AM Post #110 |
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You can call me Joe.
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Where would he put the giant gold "T" on the unis? |
Hello. My name is Inigo Montoya. You killed my father. Prepare to die.
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| rst033 | Feb 16 2011, 07:39 AM Post #111 |
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really didn't know that bottom line is Wang screwed up. as far as Queens goes just avoid the Grand/Van Wyck and just take the Cross you should be fine but if the Isles stay in Uniondale that would also be great this team needs to be relevant again let's hope a real Islander fan with the ability and the money to get things done buys the team it is really a great franchise |
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| IslandersWin86 | Feb 16 2011, 08:51 AM Post #112 |
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I vote for Mark Cuban. Things would be exciting at least, and God knows he'd play hardball. |
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| Shooter | Feb 16 2011, 09:29 AM Post #113 |
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Wang got greedy, showed his cards that the hockey team he owns was just a chip to get a huge chunk of land and many more millions in his pocket. The Islanders would become much more important to him if the TOH had bent over and given into his demands. Now we have a team that reminds me of the movie Major League. Put a cardboard Wang in a dress at the front of the Coliseum and everytime the Islanders win, take a piece of it off.
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| stevedepot | Feb 16 2011, 09:32 AM Post #114 |
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Jack, no one on this board is professing they know anything anymore than you are professing that your professional opinion could give us a more accurate assessment than what we know. I personally am tired of hearing the crying from Wang and his selected media cronies inflating their losses and I will certainly not argue with Forbes. Some have suggested that Wang might actually be profiting with the new concessions and entertainment monies but like you say, we do not know for sure. He has proven himself to be a liar and a cheat in past so I do not believe anything that comes from his mouth or any of his supporters but people are free to believe or give him the benefit of the doubt. BTW, we had a GREAT game day...excuse me, evening thread last night. You should have joined us.
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| OlTimeHockey | Feb 16 2011, 03:04 PM Post #115 |
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You want that first pick, don't ya? Yeah, Pittsburg comes back and we either have the GAME OF OUR LIVES and fight and claw and beat down the Cindyrellas.... or we see Wang's lo main noodle...... NOT a good idea. |
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"clearly it's Rick DiPietro's stupidity that's put the islanders in this situation getting into an altercation when a game was over..." Keith Jones on VS "But the Coliseum became a repository for all the team's troubles, a convenient scapegoat. There were suggestions that no major free agent ever would set foot in such a decrepit place. We have two words for anyone making that argument: Fenway Park. History says free agents would play in an old boxcar if they got enough money and had a chance to win." - Mark Herrmann 查理斯 · 請死你混蛋 | |
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| OlTimeHockey | Feb 16 2011, 03:06 PM Post #116 |
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More like $200M Retrofitting an existing building with buildout and so on would be pricy but along those same lines. |
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"clearly it's Rick DiPietro's stupidity that's put the islanders in this situation getting into an altercation when a game was over..." Keith Jones on VS "But the Coliseum became a repository for all the team's troubles, a convenient scapegoat. There were suggestions that no major free agent ever would set foot in such a decrepit place. We have two words for anyone making that argument: Fenway Park. History says free agents would play in an old boxcar if they got enough money and had a chance to win." - Mark Herrmann 查理斯 · 請死你混蛋 | |
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| OlTimeHockey | Feb 16 2011, 03:26 PM Post #117 |
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Careful with those books..... ![]() ![]() (Ira Zar and others are not on Yahoo photos) |
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"clearly it's Rick DiPietro's stupidity that's put the islanders in this situation getting into an altercation when a game was over..." Keith Jones on VS "But the Coliseum became a repository for all the team's troubles, a convenient scapegoat. There were suggestions that no major free agent ever would set foot in such a decrepit place. We have two words for anyone making that argument: Fenway Park. History says free agents would play in an old boxcar if they got enough money and had a chance to win." - Mark Herrmann 查理斯 · 請死你混蛋 | |
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| stevedepot | Feb 16 2011, 03:29 PM Post #118 |
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I hope Donald Trump wasn't just blowing smoke again recently about the Mets. I hope he's serious and I hope he could someday buy our Isles. Then he'd turn to Garth and say... OTH, I don't think they're worth 200 million...even with the tv contract.
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| OlTimeHockey | Feb 16 2011, 03:38 PM Post #119 |
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Forgot to bold the right part. (thanks, Steve) This team's NO WHERE NEAR worth $200M. Wang would have a team worth $200M if he fired Milbury and stayed out, but that Junk has sailed. |
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"clearly it's Rick DiPietro's stupidity that's put the islanders in this situation getting into an altercation when a game was over..." Keith Jones on VS "But the Coliseum became a repository for all the team's troubles, a convenient scapegoat. There were suggestions that no major free agent ever would set foot in such a decrepit place. We have two words for anyone making that argument: Fenway Park. History says free agents would play in an old boxcar if they got enough money and had a chance to win." - Mark Herrmann 查理斯 · 請死你混蛋 | |
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| Jackace | Feb 17 2011, 06:30 AM Post #120 |
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Its better than making sh!t up and pawning it off as the truth. |
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2:16 PM Jul 11