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.”

 

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

Wang being sued for $10 million for not selling Islanders

Blackhawks’ Boris Katchouk sidelined by ankle sprain

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CHICAGO — Blackhawks forward Boris Katchouk will be sidelined for four to six weeks with a left ankle sprain, the team announced.

The 24-year-old Katchouk played almost 12 minutes during a 3-0 preseason loss to Detroit on Saturday night. He was acquired in a multiplayer trade with Tampa Bay in March.

The Blackhawks open the season on Oct. 12 at Colorado.

The team also said forward Jujhar Khaira is day to day with a right ankle injury.

Ducks’ Urho Vaakanainen crashes into boards, leaves on stretcher

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ANAHEIM, Calif. — Ducks defenseman Urho Vaakanainen was taken off the Honda Center ice on a stretcher after he crashed into the end boards in the first period of Anaheim’s preseason game against the San Jose Sharks.

The Finnish defenseman was conscious and alert with full movement in his extremities at UCI Medical Center, the Ducks said.

The frightening incident occurred midway through the opening period when Vaakanainen smashed into the boards at a dangerous speed behind the Sharks’ net. Vaakanainen appeared to be concentrating on the pass he had just made to Derek Grant, who scored the Ducks’ opening goal on the assist.

Vaakanainen’s teammates came onto the ice and gathered around him as he was taken away on the stretcher.

The Ducks acquired the 23-year-old Vaakanainen from Boston last March in the deal that sent longtime Ducks defenseman Hampus Lindholm to the Bruins. After recording two assists in 14 games for the Ducks last season, Vaakanainen is attempting to win a top-six role on Anaheim’s defense this fall.

Lightning donate $2 million to Hurricane Ian relief efforts

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TAMPA, Fla. — The Tampa Bay Lightning and team owner Jeff Vinik are donating $2 million toward Hurricane Ian relief efforts.

The NHL team announced that $1 million each will be donated by the Tampa Bay Lightning Foundation and the Vinik Family Foundation.

“This is a tragic situation for many families and communities across the state of Florida, but especially so in the southwest region of the state,” Vinik said in a statement released by the team. “In times like these the most important thing we can do is support one another, and we hope this donation will help families recover and rebuild in the months to come.”

Ian made landfall Wednesday on Florida’s Gulf Coast, south of the Tampa Bay area. The Lightning postponed two home preseason games and moved the club’s training camp to Nashville, Tennessee, during the storm.

Maple Leafs sign defenseman Rasmus Sandin to 2-year deal

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TORONTO — Rasmus Sandin has signed a two-year, $2.8 million contract with the Toronto Maple Leafs, the club announced on Thursday.

The 22-year-old from Sweden was the 29th overall selection in the 2018 draft. Sandin had 16 points in 51 games with Toronto last season. He’s played in 88 career regular-season games, with six goals and 22 assists, and has one goal in five playoff games.

“Got a great set of tools,” fellow defenseman Jake Muzzin said. “With experience, I think they’re only going to get better.”

The signing comes as the Leafs’ blueliners been hit hard by injuries. Muzzin has been dealing with a back issue, and Timothy Liljegren recently had surgery for a hernia.

Toronto then lost Jamie Benn (groin) and Carl Dahlstrom (shoulder) in Wednesday’s 3-0 preseason victory over the Montreal Canadiens, pressing forwards Calle Jarnkrok and Alexander Kerfoot into defensive roles for two periods.