• Islanders reach deal to transfer ownership

    Summary of 9 articles · Updated Aug 19, 2014
    During his ownership the Islanders have been to the Stanley Cup Playoffs five times but never advanced past the first round. Charles Wang has an agreement in place to eventually transfer ownership of the New York Islanders to a group led by former Washington Capitals co-owner John Ledecky, it was announced Tuesday. Or more accurately, Malkin has picked up the Islanders. Under terms of the agreement Charles Wang will continue as majority shareholder and governor of the Islanders, with the Ledecky/Malkin group transitioning to majority ownership in two years. With John Tavares already at elite status, some highly-touted prospects on their way and now, new ownership, the future is very bright for a franchise that has seen far too many dark days since their glory years of the early 1980s. According to Arthur Staple of Newsday, Wang has agreed to sell the team to former Washington Capitals co-owner Jonathan Ledecky and investor Scott Malkin, pending approval of the NHL’s Board of Governors.
    Sources: ESPN.com NHL.com
    • Charles Wang selling New York Islanders; new owners to take over in 2016

      After owning the New York Islanders since 2000, Charles Wang is ready for the franchise to change hands. According to Arthur Staple of Newsday, Wang has agreed to sell the team to former Washington Capitals co-owner Jonathan Ledecky and investor Scott M…
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