The New York Islanders have finalized the sale of the team from Charles Wang to Jonathan Ledecky and Scott Malkin, who will be introduced at a press conference on Wednesday, Oct. 15, Newsday reported Thursday.
NHL commissioner Gary Bettman had previously said the sale should be finalized before the start of the season. From Newsday:
Bettman said last week no issues were raised by the Board of Governors -- which is composed of representatives of all 30 NHL teams -- regarding Wang's insistence on a two-year period of ceding control. Bettman also said the deal "provides an orderly transition, which was important to Charles."