New York Islanders In Brooklyn State of Mind


New York Islanders In Brooklyn State of Mind

by Anthony Caruso on November 2, 2012

The recent announcement that the New York Islanders will be moving to Brooklyn reminds us that sports is a business, often above all else. The hockey team will leave its home in Nassau County to join the Brooklyn Nets at the Barclays Center in 2015.

The move ends speculation over what would happen to the much-maligned hockey franchise, which has struggled to fill seats and secure wins on the ice in recent years. The team’s owner, Charles Wang, has been trying to upgrade or build a new arena for several years. However, Nassau County voters most recently rejected a proposal to spend $400 million to build a new arena last summer. This decision likely expedited the team’s efforts to find another location, although talks have reportedly been in the works for several years.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Anthony Caruso, Scarinci Hollenbeck | Attorney Advertising

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