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NY Rangers Owner Dolan Backs New Home for Islanders

  • NHL allows the owner of one team to invest in another’s arena
  • Proposed development in Belmont also supported by Wilpons
Goaltender Thomas Greiss #1 of the New York Islanders makes the save on a penalty shot by Aleksander Barkov #16 of the Florida Panthers during the first overtime period in Game Five of the Eastern Conference First Round during the 2016 NHL Stanley Cup Playoffs at the BB&T Center on April 22, 2016 in Sunrise, Florida.

Goaltender Thomas Greiss #1 of the New York Islanders makes the save on a penalty shot by Aleksander Barkov #16 of the Florida Panthers during the first overtime period in Game Five of the Eastern Conference First Round during the 2016 NHL Stanley Cup Playoffs at the BB&T Center on April 22, 2016 in Sunrise, Florida.

Photographer: Joel Auerbach/Getty Images
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A supergroup of New York sports executives, including owners of the New York Rangers and the New York Mets, is lining up to invest in a new arena just outside of Queens for the National Hockey League’s Islanders, according to people familiar with the discussions.

The Islanders play at Brooklyn’s Barclays Center, though executives there have concluded that it’s no longer worth it to host the hockey team, and the lease can be terminated as early as January.