Bloomberg reports that a new arena for the New York Islanders has received some significant backing, in the form of New York Rangers owner James Dolan.
According to Bloomberg, an investment firm that Dolan is part of, the Oak View Group, and a group controlled by the Wilpon family, who also own the Mets, are interested in financing a new arena for the Islanders.
James Dolan’s Madison Square Garden Co., which controls the Rangers, long the Islanders hated rivals, is an investor in Oak View Group, the private equity group run by Tim Leiweke and Irving Azoff.