<div class="quote_poster">Quoting :</div><div class="quote_post">New York Islanders owner Charles Wang withdrew his $265 million offer to buy the NBA's New Jersey Nets on Thursday. Islanders spokesman Chris Botta said the proposal was taken off the table because a deal could not be reached in a timely manner. The sale process was held up by long negotiations on how to split up YankeeNets, the holding group that owns the team. "Right now, the bid for the Nets was tabled," Paul Lancey, senior vice president of the Islanders, said in a telephone interview with Bloomberg News. "In order for us to present a first-class NBA property we had some deadlines in place. Right now it doesn't look like their house is in order as to what or when they want to sell."</div> Full Story
