Isles owner Charles Wang sued

Discussion in 'EAST: Metropolitan Division' started by truebluefan, Aug 14, 2014.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    In talks to purchase the New York Islanders just a few months ago, hedge fund manager Andrew Barroway is now suing team owner Charles Wang for $10 million amid allegations that Wang backed out of a deal to sell the team despite a handshake agreement between the two men.

    The New York Daily News first reported the lawsuit Monday, less than a week after reports surfaced that talks between the two parties had ceased.

    According to court documents obtained by the Daily News, Barroway and his company, NY ICE, are suing Wang for reneging after the two men had agreed to a sale of the team for $420 million.

    Read more http://espn.go.com/new-york/nhl/sto...wists-again-andrew-barroway-sues-charles-wang
     

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