Hockey News: Islanders' deal in Brooklyn is unique, as arena guarantees annual sum; fan base shifting to Brooklyn (as with Nets)
The New York Islanders, from a business perspective, will not mirror the Brooklyn Nets, but they are reframing their fan base, as have the Nets, as the hockey team moves from Long Island. Not so many fans will move with them, but there are enough people in Brooklyn and New York City to pay new, higher ticket prices. Stu Hackel in The Hockey News reported 7/19/15, Islanders’ move to Brooklyn leads to unique business partnership with Barclays Center : Essentially, the hockey team no longer administers or controls its own business operation, a highly unusual situation. The agreement to move the franchise includes the provision that the arena pays Islanders ownership an annual sum to play at Barclays Center and, in exchange, Barclays Center acquired all ticket and suite sales, sponsorships, marketing and promotions and their revenue. While Barclays Center (and Brooklyn Nets) CEO Brett Yormark confirmed that, the Islanders wouldn't comment. Nor would anyone confirm the sum, th...