New York Gov. Andrew Cuomo said just four months ago that Nassau Coliseum would host all of the Islanders home games for the 2020-21 season, but now that may not be possible.
Billionaire Mikhail Prokhorov’s Onexim Sports and Entertainment, which operates the venue under a lease from Nassau County, plans to shutter the Long Island arena indefinitely while it seeks new investors to take over, according to Bloomberg.
Onexim has reportedly told potential investors that it would turn over the Coliseum’s lease in exchange for assuming roughly $100 million in loans on the property. The report also said the firm could surrender the lease to its lenders.
The Coliseum was home to the Islanders from 1972 to 2015, when the arena closed for a $180 million renovation and the team had to move to the Barclays Center in Brooklyn. Despite the Coliseum reopening in 2017, the Islanders split the 2018-19 and 2019-20 seasons between Brooklyn and Long Island.
Newsday reported that Prokhorov’s decision could push the Islanders back to Brooklyn. as the Islanders’ new Belmont arena is not expected to open until the 2021-22 season.
Reached by The Post on Tuesday afternoon, the Islanders said they have “no comment at this time.”
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