New York Islanders' Owner Sells Minority Stake Before Move

Now watching

Next video starts in : 7 Play

New York Islanders' Owner Sells Minority Stake Before Move

New York Islanders' Owner Sells Minority Stake Before Move
Replay video
Up next

Macy's Dumps Trump; Stocks Pair Gains on Greece Worries

Unlock your personal NFL Now stream by signing in to NFL.com

New York Islanders' Owner Sells Minority Stake Before Move

by TheStreet 1:31 mins

New York Islanders' Owner Sells Minority Stake Before Move

by TheStreet 1:31 mins

With their much anticipated move to Brooklyn's Barclays center from their Long Island home, the New York Islanders are up for change. And more change is coming as team owner Charles Wang sells a minority stake to former Washington Capitals co-owner Jon Ledecky and London-based investor Scott Malkin. Not only did he sell the stake, which sports valuation specialist Michael Rapkoch said could value the team at up to $530 million, but under terms of the agreement the new owners will take over in two years. Now, if only the Islanders could recapture what fans want to see most: that four-year stretch in the early 1980s when they owned the Stanley Cup.

TheStreet

Finance

  1. 5:02

    How a Jewish fortune ended up funding a white supremacist

  2. 16:00

    Tesla's charging troubles, Bill Gross gets a partner and Twitter's CEO shuffle

  3. 3:37

    Big banks spending even more than VCs on future of finance

  4. 1:30

    Chubb surges on ACE deal; Fiat Chrysler sales jump again; AeroVironment flys high

  5. 3:01

    America's favorite fast food restaurants

  6. 3:28

    Outgoing Twitter CEO criticizes Wall Street for short-term thinking

Personal Finance

  1. 1:59

    Unexpected -- and brilliant -- ways these people made tons of money

  2. 1:07

    How to start investing in your 401(k)

  3. 2:23

    You can't go wrong if you major in a STEM field and other myths about college

  4. 2:17

    How much would you spend on your wedding?

  5. 1:10

    Money Minute: When is the right time to lock in your mortgage rate?

  6. 2:03

    The trade school dilemma: 'Should I or shouldn't I?'