|Scott Malkin & Jonathan Ledecky|
Washington Times: Why Jonathan Ledecky Sold his stake in Caps 6/21/2001
Jonathan Ledecky also is on the board of Forbes Magazine that has taken quite a few digs at Islanders under Michael Ozanain's reign of misinformation.
I will update this entry as more information on the new minority owners become available or I add some background.
Nothing leaked however it's hardly a shock Wang found another buyer pending Andrew Barroway not winning his lawsuit/forcing a sale to him which could completely void today's news.
Minority owners transitioning to majority status were here before in the 1990's or more known as the infamous gang of four who never bought out John Pickett entirely. Two of which are currently heading for prison.
No doubt a former co-owner of an NHL team should not face huge road blocks in the approval process, but is he Steve Gluckstern who can be a good #2 without funds to own in Phoenix, but a disaster under Howard Milstein who cut the budget to nothing?
NHL vetting/approval are never a lock. I would like to research more why Jon Ledecky left Ted Leonsis/Capitals.
Enough historical references.
For the next two years/perhaps longer this is still Charles Wang's hockey franchise as majority owner.
Two years is an eternity. Not having funds to pay Wang as they claim a larger stake in the franchise could stop everything at some point.
#isles Barroway wins his lawsuit and is awarded Islanders by a court today's announcement means absolutely nothing.
— NYI Fan Central (@nyifancentral) August 19, 2014