Jonathan Ledecky and Scott Malkin met the media on Wednesday at Nassau Coliseum and made it clear they plan on putting competitive teams on the ice when they take over ownership of the Islanders in two years.
To say the Islanders have had a checkered ownership history is putting it mildly. Will Jonathan Ledecky and Scott Malkin restore some sort of order in two years? Who knows?
The sale to Jonathan Ledecky, a former co-owner of both the Washington Capitals and NBA’s Washington Wizards, and Scott Malkin, an investor, was approved by the NHL Board of Governors last week.
For the first time in ages, the Islanders are built to contend. It’s now on fifth-year head coach Jack Capuano to get this team to the next level. Will he? We’re certainly going to find out.
As far as NHL Commissioner Gary Bettman is concerned, the Islanders have a very bright future.
There is nothing new about the New York Islanders heading into a new season trying to improve on the one before. Yet, this one has a different feel even though last season ended again without a trip to the playoffs.
Jonathan Ledecky and Scott Malkin will officially take over control of the Islanders in two years, now that the NHL Board of Governors has approved their purchase of the team from Charles Wang.
Falcone, a hedge fund mogul and former hockey player at Harvard, owns 45 percent of the Wild, but has reportedly been at odds with co-owner Craig Leipold over how to cover the franchise’s reported $20 million annual loss.
Owner Charles Wang has agreed to sell the Islanders to former Washington Capitals co-owner John Ledecky and investor Scott Malkin.
It appears a case of “seller’s remorse” by Islanders owner Charles Wang has really annoyed Andrew Barroway.
Negotiations with the Philadelphia lawyer and hedge fund manager “have ceased” and “are not expected to resume,” according to Newsday.
“Disbelief,” McDonald told CBS New York’s Peter Schwartz about the move to Brooklyn. “My reaction basically centered around the fan base and the folks that have been so loyal.”
Charles Wang either can’t make up his mind or is just content to take his sweet time. Regardless, Andrew Barroway is fully prepared to purchase a controlling interest in the New York Islanders.
Will Charles Wang own the Islanders by the time next season starts? No one can say for sure.
Earlier this spring, the owner of the Islanders said he wasn’t actively shopping the team, but would listen to offers. Andrew Barroway appears to be on the verge of making the kind of offer Charles Wang may not refuse.