UNIONDALE - The Islanders announced today that a deal is in place to sell a “substantial minority interest” and eventually majority ownership of the team, pending league approval.
The team announced today that an agreement has been reached to sell a minority interest in the team to a group led by former Washington Capitals co-owner Jon Ledecky and investor Scott Malkin.
Ledecky and Malkin’s group will transition to majority owner in two years.
PHOTOS: Barclays Center
This coming season will be the Islanders’ last at Nassau Veterans Memorial Coliseum before the team moves to Brooklyn.