Mikhail Prokhorov looks to unload the more than 13,000-seat arena.First reported by Bloomberg, Prokhorov's Onexim Sports and Entertainment is allegedly seeking investors to take over the home arena for the National Hockey League's New York Islanders.
Onexim has reportedly told investors that it will hand over the 49-year lease it signed in 2013 in exchange for assuming around $100 million in loans on the sporting arena and music venue."Onexim Sports and Entertainment, through its affiliate, Nassau Events Center, LLC (NEC), has invested over $80 million in equity as part of a $180 million project to completely refurbish and reposition NYCB Live, home of the Nassau Veterans Memorial Coliseum and surrounding land as a transformative live,.