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.
As far as NHL Commissioner Gary Bettman is concerned, the Islanders have a very bright future.
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.
“What a long, strange trip it’s been.” Of course, those Grateful Dead lyrics aren’t in reference to the Islanders’ ownership situation, but they might as well be. It’s been twist and turn after twist and turn for this franchise.
Owner Charles Wang has agreed to sell the Islanders to former Washington Capitals co-owner John Ledecky and investor Scott Malkin.