The day that Islanders fans have been waiting and wishing for for the past ten years has finally come: Charles Wang has sold the New York Islanders.
Reports broke around 1:00 P.M. here on August 19th, 2014 from Islanders beat writer Arthur Staple that the Islanders have been sold to Jonathan Ledecky and Scott Malkin. Staple also reports that Ledecky and Malkin will have minority control over the Islanders for the next two seasons and then at the conclusion of the teams first season in Brooklyn the duo will assume majority control. The sale is still awaiting NHL Board of Governors approval, but it is a definitive agreement.
In a statement from the Islanders press release on the sale, Ledecky said: “We are pleased to have the opportunity to become partners in the New York Islanders with Charles, and to pursue our shared dream of winning a fifth Stanley Cup for the greatest fans in the NHL.”
In that same press release, Charles Wang said: “I’m thrilled that Jon and Scott have agreed to join me as we start the Islanders final year at Nassau Veterans Memorial Coliseum. I look forward to a long and successful partnership.”
As far as the monetary terms of the sale, they have yet to be released. Ledecky was the co-owner of the Washington Capitals and the CEO of Forbes. Scott Malkin is the current chairman of Value Retail, which operates luxury outlet villages in nine Western European cities.
Stay tuned right here as in a post to come we will look into the Isles new owners. Now with this all settled, I have one question for you Islanders fans, IS IT OCTOBER YET?