Charles Wang's Management of Webster Bank Arena In Bridgeport Now Profitable Per Howard Saffan

Tweet

Connecticut Business News Journal: Has a full interview with Bridgeport Sound Tigers President, Howard Saffan, on the management changes made at Webster Bank Arena since Charles Wang's group purchased the rights to what was, " The Arena at Harbor Yard ", reported in the Ct Post 4/29/2011.

The Sound Tigers lease runs until 2021, Mr Saffan made clear last August after the referendum defeat, the team would remain in Bridgeport for the duration regardless of the Islanders status past 2015.

Mr Saffan by his own words here formerly managed the Nassau Coliseum for Charles Wang, since the sublease changes in Dec 2009 where Charles Wang/and or Scott Rechler pay Smg to run the Nassau Coliseum through 2015 in exchange for revenue from events and New York Islander games.

NYIFC Comments:
I would not do a full blog on this if it were not important.

Apparently Mr Wang's group in Bridgeport is turning a profit at what is now Webster Bank Arena, they also received a naming rights fee for the name change.

Mr Saffan discusses the renovations done to the facility, and briefly discusses the events at the Coliseum, along with a very candid interview with the internal numbers.

Of course, Webster Bank Arena is not the Nassau Veterans Memorial Coliseum, however Mr Wang and his people are running both facilities.