The New York Islanders’ latest effort to find a buyer is getting a lift from the team’s new landlord in Brooklyn.
Owner Charles Wang is in talks to sell the money-losing NHL franchise to Philadelphia lawyer Andrew Barroway for $225 million, plus another $75 million if the Islanders hit certain revenue targets, The Post has learned.
While Wang has been open to a sale for several years, there has been limited interest in a team that lost more than $10 million in a single season and has among the lowest attendance in the league.
But this time could be different because of a revenue guarantee from Barclays Center, where the Islanders are set to start playing in 2015. In October 2012, the Islanders inked a long-term deal to move the team from Nassau County to Brooklyn.
The arena’s owners guaranteed the Islanders about $50 million in annual revenue for regular season games. Barclays would keep anything it collects in sponsorship, suite and ticket sales over that amount.
Bruce Ratner’s Forest City Ratner owns 55 percent of Barclays Center, while Nets owner Mikhail Prokhorov owns 45 percent.
The move to Barclays Center is likely to boost attendance, but the owners still run the risk that the Islanders won’t fill enough seats. The Islanders don’t pay rent during the regular season, but they will if they make the playoffs, a source added.
The Sporting News first reported the sale talks, which Wang confirmed, on Friday but did not identify the potential suitor as Barroway.
Barclays and the Islanders declined to comment.