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Islanders announce sale of minority stake of club
The Associated Press
2014-08-19

FILE - This is an Oct. 24, 2012, file photo, showing New York Islanders owner Charles Wang addressing the media during a press conference at Brooklyn's Barclays Center. The New York Islanders have announced that the team is being sold to a former Washington Capitals co-owner and a London-based investor. In a statement Tuesday, Aug. 19, 2014, the team says a group led by former Capitals co-owner Jon Ledecky and investor Scott Malkin has reached an agreement to buy a "substantial" minority interest in the team. (AP Photo/Kathy Willens, File)

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