In this May 12, 1999, file photo, AOL executive Ted Leonsis, left, and Jon Ledecky, right, hold up Washington Capitals jerseys at a news conference 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 May 12, 1999, file photo, AOL executive Ted Leonsis, left, and Jon Ledecky, right, hold up Washington Capitals jerseys at a news conference 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 May 12, 1999, file photo, AOL executive Ted Leonsis, left, and Jon Ledecky, right, hold up Washington Capitals jerseys at a news conference 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/Nick Wass, File)
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