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

Here are the 10 oldest players to play a game this season

Jaromir Jagr
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This isn’t breaking news or anything. We just thought you’d like to know that three of the NHL’s 10 oldest players (who’ve played at least one game this season) are members of the Florida Panthers.

Oh, and the Panthers’ starting goalie? He’s the oldest starter in the league. (Scroll down.)

Here’s the list of skaters, topped by 43-year-old Jaromir Jagr:


Yet another veteran Panther, 36-year-old defenseman Brian Campbell, ranks 17th on the list.

Granted, the above list does not include 39-year-old Patrik Elias (who’s hurt) or 39-year-old Eric Boulton (who just re-signed with the Isles). As soon as those two play, Thornton will get pushed out of the top 10.

Now here’s the list of goalies who’ve started at least one game this season, topped by 36-year-old Roberto Luongo:


For the record, Luongo isn’t the oldest goalie under contract. That would be Minnesota’s Niklas Backstrom, who’s 37.

Related: Can Florida’s old guys hang on while the young guys get better?

Hamburglar (groin) returns, Sens demote O’Connor

Andrew Hammond
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Matt O'Connor‘s time in the Canadian capital was brief, but still noteworthy.

O’Connor, the losing netminder in Sunday’s “Battle of the Backups” against Montreal — Habs No. 2 Mike Condon got the win — has been sent down to AHL Binghamton to pave the way for Andrew Hammond‘s return from a groin injury, per the Sun.

The Hamburglar has been out since the preseason, but his return is earlier than expected.

He was originally supposed to miss the first two weeks, yet now sounds as though he’ll play one of Ottawa’s two games on an upcoming road trip through Columbus and Pittsburgh.

It’s going to be interesting to see if Hammond can replicate the success he had last season, when he came out of nowhere to go 20-1-2 with a 1.79 GAA and .941 save percentage, and finish seventh in Vezina voting.