Whoever claims that August is a quiet time for hockey surely hasn't heard of the events that transpired on August 17, 1992, for the New York Islanders. On this day, the team underwent a series of announcements that sent shockwaves through the front office and ownership, marking a departure from the status quo that had persisted for decades. A consortium led by Stephen Walsh, Robert Rosenthal, Ralph Palleschi, and Paul Greenwood, affectionately dubbed the "Gang of Four," had overseen the day-to-day operations of the organization since 1989. Now, they seized majority control of the franchise from the longstanding owner, John Pickett. Following the team's playoff absence, their initial move sparked controversy.