The New York Islanders are a professional ice hockey team based in Emont, New York and compete in the NHL under the Metropolitan Division of the Eastern Conference. The Islanders were established in 1972 and are presently one of the most successful franchises in the NHL with four Stanley Cups, six Conference and six division championships.
Moreover, the Islanders have played 52 seasons in the NHL and have appeared in 30 playoffs till date, with 5 Stanley Cup final appearances. Matter of factly, the Islanders are led by general manager Lou Lamoriello, head coach Patrick Roy, and captain Anders Lee while they play their home games at the state-of-the-art UBS Arena.
New York Islanders Owners
The New York Islanders franchise is owned by New York Islanders Hockey Club, L.P and Jon Ledecky. Scott Malkin, the owner of New York Islanders Hockey Club, L.P serves as governor of the team and Jon Ledecky serves as the alternate governor. In October 2014, businessmen Scott D. Malkin and Jon Ledecky acquired the rights of the team for $485M from Wang (previous owner), who retained a share of the franchise. Initially, they served as minority partners before formally announcing their control at the end of the 2015-1016 season.
The New York Islanders have gone through many ownership changes throughout its history. Charles Wang and Sanjay Kumar, former owners of the team, acquired ownership of the New York Islanders from Milstein and Gluckstern in 2000. Prior to that, Milstein and Gluckstern took control of the team in 1997 before purchasing the team from one of the original owners, John Pickett.
How much were the New York Islanders acquired for?
New York Islanders Hockey Club, L.P and Jon Ledecky purchased the 85% shares of Islanders for $485 million in 2016.
As of 2024, the New York Islanders have a market value of $1.55 billion. Moreover, they generated a revenue of $183 million in the 2022-2023 season with an operating income of $40 million. Furthermore, they spent around $80 million for the salary of their players while gate receipts money they collected stood at $64 million. Notably, they have an efficient management with a wins-to-player cost ratio of 101.
FAQ's On New York Islanders Owner
A. The New York Islanders franchise is owned by New York Islanders Hockey Club, L.P and Jon Ledecky.
A. 85% shares of the Islanders were bought by the New York Islanders Hockey Club, L.P and Jon Ledecky for $485 million in 2016.
A. As of 2024, the New York Islanders have a market value of $1.55 billion.
A. They generated a revenue of $183 million in the 2022-2023 season with an operating income of $40 million.
A. Yes, the Islanders have efficient management with a wins-to-player cost ratio of 101.
