After a saga that featured plenty of twists and turns, Charles Wang has finally sold the NHL's New York Islanders.
According to Arthur Staple of Newsday, former Washington Capitals co-owner John Ledecky is one-half of the winning bid:
The Islanders provided a statement via their official website, and Ledecky offered the following comments:
"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."
Wang added: "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."
Although the sale did not become official until today, David Pagnotta of TheFourthPeriod.com reports that it has been in place since the beginning of the month:
TSN Hockey is also reporting that Wang will remain in place as a majority shareholder:
The full transition will be complete in ...
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Article written by Mike Chiari
Latest News and Updates on New York Islanders Sale
August 19th, 2014 by Mike Chiari Leave a reply »
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