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ISLANDERS ANNOUNCE NEW OWNERSHIP STRUCTURE

Tuesday, 08.19.2014 / 1:45 PM / News
New York Islanders
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ISLANDERS ANNOUNCE NEW OWNERSHIP STRUCTURE
The New York Islanders announced today that a group led by former Washington Capitals co-owner Jon Ledecky and London based investor Scott Malkin has reached a definitive agreement, subject to NHL approval, to purchase a substantial minority interest in the team. Under the terms of the agreement, Charles Wang will continue as majority shareholder and Governor of the Islanders, with the Ledecky\/Malkin group transitioning to majority owner in two years.

UNIONDALE, NY (August 19, 2014) – The New York Islanders announced today that a group led by former Washington Capitals co-owner Jon Ledecky and London based investor Scott Malkin has reached a definitive agreement, subject to NHL approval, to purchase a substantial minority interest in the team. Under the terms of the agreement, Charles Wang will continue as majority shareholder and Governor of the Islanders, with the Ledecky/Malkin group transitioning to majority owner in two years.

"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," Mr. Ledecky 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," Mr. Wang said. "I look forward to a long and successful partnership."

There will be no further comment until the NHL completes its franchise ownership transfer process.

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STANDINGS

EASTERN CONFERENCE
  TEAM GP W L OT GF GA PTS
1 MTL 23 16 6 1 61 57 33
2 TBL 22 14 6 2 77 60 30
3 PIT 19 13 4 2 69 44 28
4 NYI 20 14 6 0 68 57 28
5 BOS 22 13 9 0 57 54 26
6 DET 20 10 5 5 55 49 25
7 TOR 21 11 8 2 67 63 24
8 OTT 19 9 6 4 52 50 22
9 NYR 20 9 7 4 57 58 22
10 WSH 20 9 8 3 56 54 21
11 NJD 21 9 9 3 53 61 21
12 FLA 18 7 5 6 40 47 20
13 PHI 19 8 9 2 57 60 18
14 CAR 20 6 11 3 48 62 15
15 CBJ 20 6 12 2 49 72 14
16 BUF 21 6 13 2 36 70 14

STATS

2014-2015 REGULAR SEASON
SKATERS: GP G A +/- Pts
J. Tavares 20 8 12 -4 20
B. Nelson 20 10 9 5 19
K. Okposo 20 5 14 -1 19
R. Strome 20 4 11 9 15
J. Boychuk 19 2 11 7 13
F. Nielsen 20 5 7 5 12
N. Kulemin 20 4 7 0 11
N. Leddy 20 5 4 8 9
M. Grabovski 17 4 5 5 9
J. Bailey 12 3 4 5 7
 
GOALIES: W L OT Sv% GAA
J. Halak 9 4 0 .918 2.42
C. Johnson 5 2 0 .876 3.33

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