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The New York Islanders announced Tuesday that former Washington Capitals co-owner Jon Ledecky and investor Scott Malkin have reached an agreement to purchase a substantial minority interest in the team.
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.
The sale is pending approval of the NHL Board of Governors.
http://www.nhl.com/ice/news.htm?id=7286 ... l:topheads
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.
The sale is pending approval of the NHL Board of Governors.
http://www.nhl.com/ice/news.htm?id=7286 ... l:topheads
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