Andrew Barroway drops lawsuit against Charles Wang over Islanders' sale

Andrew Barroway dropped a lawsuit that accused Islanders owner Charles Wang of backing out of a deal to sell him the team for $420 million, according to Newsday.

Barroway sued Wang in August in an attempt to either enforce the terms of an apparent purchase agreement that was drawn up (but not signed) in March, or award him a "breakup fee" of $10 million.

No reason for the move was released in the court filing, but it's perhaps no coincidence that Barroway is believed to be in advanced negotiations to take on a majority stake in the Arizona Coyotes.

As such, it's quite likely that Barroway was encouraged to drop the suit before moving forward with any deal to be made in the desert.