Overview
- The Islanders reached an agreement Monday to sell roughly 15% of the club to a group of investors at a reported $3 billion valuation, according to multiple outlets.
- The transaction is subject to National Hockey League approval and the identities of most new investors have not been disclosed.
- Team owners say day-to-day operations will not change and Scott Malkin will remain the controlling owner after the minority sale.
- The reported jump in value is tied to UBS Arena, the surrounding Belmont Park development and the franchise’s growing non-hockey revenue, including hosting the 2027 All-Star Game.
- The deal follows earlier minority investments — including a 2023 10% sale to Oliver Haarmann and venture investor David Shuman’s announced stake in August — and would place the Islanders among the NHL’s most valuable teams if the valuation holds.