Charles Wang

Wang sells Isles to ex-Caps owner Ledecky

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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.”

 

Related

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

Wang being sued for $10 million for not selling Islanders

Ulf Samuelsson leaves Rangers, takes Carolina’s AHL gig

Ulf Samuelsson, Alain Vigneault
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The ‘Canes made a fairly big coaching splash on Tuesday, announcing they hired New York Rangers assistant coach Ulf Samuelsson to become the new bench boss in AHL Charlotte.

“Ulf has built a very strong coaching resume during a decade behind the bench in the AHL, NHL and Swedish league,” Carolina GM Ron Francis said in a release. “He has a proven history of helping to develop young players and understands the organizational culture that we are building here.”

Samuelsson, who won back-to-back Stanley Cups with Francis in Pittsburgh during the 90s, has spent the last three seasons as Alain Vigneault’s right-hand man in New York, helping the Rangers advance to the Stanley Cup Final in ’14 and the Eastern Conference Final last season.

Prior to joining the Rangers, he spent two seasons as head coach for Modo of the Swedish Hockey League.

Samuelsson will replace Mark Morris in Charlotte, after Morris accepted the head coaching gig at St. Lawrence University. Morris had only been on the job for one year, having inherited the position from former ‘Cane Jeff Daniels.

Report: Marleau won’t face supplemental discipline for hit on Rust

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It sounds like Patrick Marleau won’t be suspended for his hit on Penguins forward Bryan Rust (top) in Game 1 of the Stanley Cup Final on Monday night, according to the Pittsburgh Post-Gazette.

After the game, Marleau told reporters that he was pretty confident he wouldn’t be suspended and it sounds like he’s right.

Penguins head coach Mike Sullivan didn’t see things the same way.

“It’s a blindside hit to the head,” he said. “[Marleau] gets a penalty and I’m sure the league will look at it.”

Marleau was given a two-minute penalty for an illegal hit to the head on the play.

Rust played a single shift after taking the hit, but he went to the locker room after that and didn’t return. Sullivan said he’s day-to-day. It’s unclear if Rust will practice with the team on Tuesday.

Former Flyer Rick MacLeish passes away at age 66

MacLeish
Flyers.nhl.com
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Former Philadelphia Flyers forward Rick MacLeish passed away on Monday night. He was 66-years-old. The organization confirmed the news early Tuesday morning. MacLeish was battling meningitis as well as kidney and liver problems, per Philly.com.

“With the passing of Rick MacLeish, the Flyers have lost one of their legends,” Flyers President Paul Holmgren said in a release. “A good father, grandfather, teammate and friend, Rick will be missed by all who were fortunate to come and know him over the years. His happy and friendly demeanor was front and center everywhere Rick went. Today, our thoughts and prayers are with Rick’s wife, Charlene, his daughters, Danielle and Brianna along with his grandchildren. May he rest in peace.”

MacLeish first put on a Flyers jersey during the 1970-71 season. He would go on to score 349 goals and 759 points in 846 NHL games with Philadelphia, Hartford, Pittsburgh and Detroit. MacLeish also scored what is considered to be the most important goal in Flyers history when he netted the opening goal in Game 6 of the 1974 Stanley Cup Final against Boston. The Flyers would clinch their first Stanley Cup that night.

He won a pair of Stanley Cups with the Flyers and was named an NHL All-Star three times in his career.

PHT Morning Skate: Nick Bonino has been pretty clutch this postseason

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PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.

Pascal Dupuis wrote a piece for The Players’ Tribune.

Matt Cullen also wrote a piece for The Players’ Tribune called “Hockey Dad”.

Dainius Zubrus is making his third trip to the cup final, but he still hasn’t won one. (Puck Daddy)

–Watch the highlights from Game 1 of the Stanley Cup Final. (Top)

–Here’s the Punjabi call of Nick Bonino‘s game-winning goal. (Streamable)

–Speaking of Bonino, he’s been pretty clutch this postseason:

–The NHL still wants to play an outdoor game on Parliament Hill in Ottawa. (Ottawa Sun)