In this Jan. 19, 2000, file photo, former Chicago Bulls great Michael Jordan, rear right, sits in the owner's sky box with Washington Capitals minority owner Jon Ledecky, left, and Washington Wizards minority owner Ted Leonsis, front, during an NBA game at the MCI Center in Washington. The 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 - Sports
In this Jan. 19, 2000, file photo, former Chicago Bulls great Michael Jordan, rear right, sits in the owner's sky box with Washington Capitals minority owner Jon Ledecky, left, and Washington Wizards minority owner Ted Leonsis, front, during an NBA game at the MCI Center in Washington. The 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
FILE - In this Jan. 19, 2000, file photo, former Chicago Bulls great Michael Jordan, rear right, sits in the owner's sky box with Washington Capitals minority owner Jon Ledecky, left, and Washington Wizards minority owner Ted Leonsis, front, during an NBA game at the MCI Center in Washington. The 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/Pablo Martinez Monsivais. File)
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