Nassau Coliseum in Long Island is closing indefinitely as billionaire owner Mikhail Prokhorov looks to unload the more than 13,000-seat arena.
looks to unload the more than 13,000-seat arena.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.
The statement continues:"Notwithstanding the complete lack of Coliseum income since the start of the COVID-19 lockdown, to date, the Coliseum had continued to retain all of its full-time employees at full salary, made significant contributions to assist the Coliseum’s part-time event workers, fully reimbursed ticket-holders whose events were cancelled, made restitution to those who booked events cancelled by the COVID pandemic, and continued to maintain the Coliseum in pristine condition.
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