Charles Wang

Wang sells Isles to ex-Caps owner Ledecky


Huge news from Long Island on Tuesday — per Newsday, Islanders owner Charles Wang has agreed to sell the team to a familiar face in NHL circles:

Ledecky is best known as the former minority owner in Washington. In 2001, he sold his 24 percent share in the team to current owner Ted Leonsis which, according to the Washington Times, would allow Ledecky to pursue buying another sports franchise:

Leonsis and Ledecky did not disclose a price for the transaction, but Ledecky, a well-known District entrepreneur, said he made a “healthy, 10-figure profit” on the $58 million he invested in May 1999.

Ledecky is now free to pursue a pro sports team of his own, as has been his long-stated ambition. He unsuccessfully sought interests in the Los Angeles Dodgers and Cincinnati Reds before purchasing the Caps from [Abe] Pollin two years ago, and last fall he came close to buying the Montreal Canadiens.

As for Wang, this move would end his lengthy, contentious ownership of the Isles. Reports have been surfacing for months about his desire to sell the team, this after the failed Lighthouse Project and mounting financial losses. The 69-year-old became part-owner of the Isles in 2000, then assumed majority control in 2004 after buying out partner Sanjay Kumar.  The team has struggled both on the ice and financially since Wang’s been aboard, making the playoffs just two times while reportedly losing an estimated $10 million per season.

As mentioned, Wang also spearheaded the now-defunct Lighthouse Project — a proposal to transform the Nassau Coliseum and surrounding area into a modern suburban locale — which was voted down in 2011, two years after Wang said he regretted buying the Isles in the first place.

“If I had the chance I wouldn’t do it again,” Wang told Newsday at the time. “Never in my life, would I have anticipated this thing [Lighthouse Project] could be dragged out for seven, eight years.”

Should the sale to Ledecky and Malkin be approved by the NHL’s Board of Governors, it’ll mark a change in ownership just one year before the Isles leave Long Island and relocate to Brooklyn, where they’ll play at the Barclays Center beginning in 2015-16.

UPDATE: The Isles have addressed and confirmed the transaction, courtesy this statement…

A group led by former Washington Capitals co-owner Jon Ledecky and London based investor Scott Malkin has reached a definitive agreement, subject to NHL approval, to purchase a substantial minority interest in the team. Under the terms of the agreement, Charles Wang will continue as majority shareholder and Governor of the Islanders, with the Ledecky/Malkin group transitioning to majority owner in two years.

“We are pleased to have the opportunity to become partners in the New York Islanders with Charles, and to pursue our shared dream of winning a fifth Stanley Cup for the greatest fans in the NHL,” Mr. Ledecky said.

“I’m thrilled that Jon and Scott have agreed to join me as we start the Islanders’ final year at Nassau Veterans Memorial Coliseum,” Mr. Wang said. “I look forward to a long and successful partnership.”



Report: Wang ‘furious’ over report he’s exploring sale of Isles

Wang being sued for $10 million for not selling Islanders

‘John leaves a lasting mark’: NHL announces Collins’ departure as COO

John Collins
Leave a comment

One of the driving forces behind the NHL’s growth over the last decade is moving on.

John Collins, who’s served as the league’s chief operating officer for the last seven years, will be leaving his post to embark on a new business opportunity.

More, from the League:

Collins, who joined the NHL in November 2006, had been COO since August 2008.

“John leaves a lasting mark,” said Commissioner Bettman. “His energy, creativity and skill at building strategic partnerships helped drive significant revenue growth for our League. We are grateful for his many contributions and wish him the best in his new endeavors.”

Said Collins, “I’m grateful to Commissioner Bettman for his leadership and friendship over the past nine years. He had a vision for extending the reach of the NHL and supported us completely as we set out to make the game as big as it deserves to be.

“The NHL’s future is filled with promise and potential and I will admire and cheer the League’s successes to come on the global stage.”

Collins, 53, was regarded as one of main presences behind a number of the NHL’s most successful initiatives, including the Winter Classic and Stadium Series, the HBO 24/7 collaboration, the relaunched World Cup of Hockey, Canadian and American television deals and partnerships with companies like SAP, Adidas, Major League Baseball Advanced Media and GoPro.

During Collins’ tenure, the NHL was twice named “Sports League of the Year” by the SportsBusiness Journal and SportsBusiness Daily — once in 2011, and again in 2014.

Jackets activate Dubinsky, Wennberg from IR

Andy Andreoff, Brandon Dubinsky
Leave a comment

Columbus will have some reinforcements up front when it takes on the Devils tomorrow in New Jersey.

Brandon Dubinsky, who’s missed the last six games with an elbow injury, and Alexander Wennberg — who’s also missed the last six games, but with a foot ailment — have both been activated from injured reserve, and should be available for selection on Wednesday.

It wasn’t all good news for the Jackets, though. Defenseman Cody Goloubef and right wing Rene Bourque were placed on IR.

The biggest return for Columbus is Dubinsky, who had four goals and 11 points in 16 games prior to getting hurt, while averaging nearly 19 minutes per night.

That said, getting Wennberg back is key as well; the former first-round pick has been plagued by injuries recently but showed well during his rookie campaign in ’14-15, with 20 points in 68 games.

Alumni rosters announced for Bruins-Habs at Gillette Stadium

1 Comment

The Winter Classic Alumni Game is back this year, scheduled for New Year’s Eve at Gillette Stadium between former members of the Montreal Canadiens and Boston Bruins.

Today, the NHL announced the rosters and coaching staffs.

Famous ex-Habs that will take to the outdoor ice include Larry Robinson, Guy Carbonneau, and Mats Naslund. Behind the bench will be Yvan Cournoyer, Jacques Demers and Guy Lafleur, among others.

The home side will counter with Bruins legends Ray Bourque, Cam Neely, and “Nifty” Rick Middleton, while Don Cherry, Mike Milbury, and Derek Sanderson will be among the coaches. (Quite a trio of personalities right there.)

Here are the full rosters:


NBCSN will broadcast the alumni game nationally in the United States, while Sportsnet and TVA Sports will have it in Canada.

The 2016 Winter Classic will be played the next day (on NBC).

Goalie nods: Andersen’s ‘flu-like symptoms’ mean Khudobin starts versus Flames

Anton Khudobin, Frederik Andersen
Leave a comment

With Frederik Andersen experiencing “flu-like symptoms” (PHT diagnosis: it might be the flu), the Anaheim Ducks will turn to backup Anton Khudobin for tonight’s home game versus Calgary.

Khudobin could, in turn, be backed up by Josh Gibson, recalled today from AHL San Diego. The Ducks have officially listed Andersen as “questionable.”

Khudobin (3-3-0, .917) has not started a game in over a week. His last action came exactly a week ago, after Andersen got the hook versus Nashville.

Andersen may or may not travel with the Ducks for tomorrow’s game at Arizona.

The Ducks, of course, are coming off a 5-0 loss to Tampa Bay, a result that produced the following quote from Ryan Kesler:

After a four-game winning streak to start November, Anaheim has since dropped five of its last seven.

Karri Ramo will be in net for the Flames. After a terrible start to the season, he’s been much better lately, allowing just eight goals combined in his last four starts.


Craig Anderson for the Senators. Antti Niemi for the Stars.