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24/7 Wall Street: Seven Pro Teams on the Brink of Collapse

5. New York Islanders

10-year change in attendance: -2.40% (eighth biggest decline in NHL)
W-L record 10 years: 316-322-30-70 (fourth worst in NHL)
Operating income (2010): -$4 million
Year founded: 1972
Value: $151 million (fifth least valuable in NHL)

The New York Islanders have the fourth-worst record in the NHL over the past 10 seasons, winning just 316 of their 738 games in regulation time. On top of this, the Islanders compete in a regional market with the New York Rangers and the New Jersey Devils. Both teams have had far greater success and are profitable. In 2001, the Islanders netted a profit of $1 million, compared to $6 million by the Devils and $60 million by the Rangers. Since that year, the franchise has failed to make a profit, losing $64 million cumulatively through 2010.

(AP Photo/Kathy Kmonicek)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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