Back to the New York Islanders Newsfeed

From the archive: Sorry he bought the team

This story originally appeared in Newsday on May 3, 2009.

Frustrated with the pace of his Lighthouse Project and sick of sinking more than $20 million a year to keep the Islanders afloat, Charles Wang has a case of buyer's remorse nine years after purchasing Long Island's hockey team.

"If I had the chance," Wang said, "I wouldn't do it again."

One of Long Island's wealthiest residents, Wang says he has been taking a financial beating ever since he purchased the Islanders along with former Computer Associates executive Sanjay Kumar in June 2000.