This was brought to my attention after reading a blog by Nick Giglia of islandersindepent.com, and lettherebelighthouse.com. Nick does an excellent job addressing the article, but I was so annoyed after reading the business insider article, I felt the need to address it myself as well.
I do not have much issue with the Islanders being on the list, being they haven't won as much as a playoff series since 1993. Although, it does somewhat bother me that the Isles are on the list, while franchises like the Los Angeles Clippers, Golden State Warriors, Phoenix Coyotes, Florida Panthers, Kansas City Royals, and Cincinnati Bengals are not.
My issue with the article is all the false information that they use as reasoning to put the Islanders on the list. If you are going to put them on the list, then the least the writers could do is use accurate information.
Their first reason for putting the Isles on this list is the Isles horrible attendance.
If they would have done some research here, they would have realized that the Isles' average attendance has gone up every year since the lockout. They would have also found out the Isles have been selling a lot of season tickets and ticket plans since they drafted John Tavares in the draft last Friday.
This number can be somewhat skewered too, because if every team in the NHL were to sellout every home game for the entire season, the Isles would still finish last in attendance because the Nassau Coliseum is the smallest arena in the league.
Their next point, which really annoys me, is that Charles Wang complained in a recent Newsday article about losing $20 million a year on the team, and blames the losses on a lack of a new arena.
Again, if the writers did some research, they would have realized that because of the lease on the Coliseum, Wang does lose money because the Isles do not get any revenue on things such as parking and concessions.
So yes, while they are correct in saying Wang is losing $20 million a year, they are wrong to make it sound like the arena is not a valid excuse on the losses, when it is because the lease on the arena is the reason for Wang losing so much money yearly.
They also go on to say Wang wants taxpayer money to fund the building of a new arena. This is news to me; I have not seen anything about Wang asking for public funding for the Lighthouse project.
In fact, Wang is not even asking for a new arena, rather a refurbished Coliseum as part of the Lighthouse Project.
With a refurbished arena, and the Lighthouse project being built, there would be a new lease on the land, and Wang would actually be able to make money instead of lose money.
Finally, they don't even bother to get the Islanders payroll right for last season.
The writers have the Isles' payroll at $39,007,720. Nhlnumbers.com had the Isles' payroll around $46 million at the end of last season. The writers' number can't be right, because that number of $39 million would have been under the cap floor last season, which the Isles would have been penalized for.