Islanders Franchise More Valuable in Brooklyn, but by How Much?
Brooklyn is getting a hockey team, you may have heard, which may be good or bad for the borough, but is almost definitely a good thing for the New York Islanders franchise, which will escape the 40-year-old Nassau Coliseum.
“Once they’re in the Barclays Center, the asset is going to be much more valuable,” said Peter Bynoe, chief operating officer at Loop Capital Markets and a former owner of the Denver Nuggets, at a panel on sports mergers and acquisitions at the Bloomberg Dealmakers Summit at the Pershing Square Signature Center today. Read More
