Find out who owns the New York Islanders. owner's net worth, source of wealth, and ownership history.
The New York Islanders are a household name in the NHL franchise, following their successes in the Stanley Cup over the years. The Islanders are members of the Metropolitan Division in the Eastern Conference and play their home games at UBS Arena.
Amid the competition for a strong fan base alongside fellow New York-based franchises, which include the New Jersey Devils and New York Rangers, the Islanders have continued to stand out.
Who owns the New York Islanders?
As of January 2025, the New York Islanders are owned by the holding company New York Islanders Hockey Club, L.P., led by Scott D. Malkin and Jon Ledecky.
Scott D. Malkin and Jon Ledecky purchased the NHL franchise from its previous owner, Charles Wang.
Who are the shareholders of the New York Islanders?
Scott D. Malkin
Scott David Malkin is an American and investor in the sports business. He is the founder of Value Retail Plc and the co-owner of the New York Islanders.
Scott David Malkin and his business partner Jon Ledecky initially announced plans to purchase the New York Islanders in 2014. The duo went on to purchase the team after a two-year transition period as minority shareholders of the franchise.
According to figures from Celebrity Net Worth in September 2024, Scott D. Malkin has a net worth of $400 million accrued from his earnings at Value Retail Plc and Islanders.
Source of wealth
Value Retail Plc
Scott D. Malkin is the founder of Value Retail Plc, high-end European retail outlets based in London. It operates luxury outlet shopping and sells luxury goods.
New York Islanders
He has owned a controlling stake in the New York Islanders NHL franchise team since 2016.
Jon Ledecky
Jon Ledecky is an American businessman who is an investor in the sports business. He is the co-owner of the New York Islanders and their AHL affiliate, the Bridgeport Islanders. His net worth is estimated to be in the region of $1 billion.
Source of wealth
He has been a private equity investor over the years through other entities. His income also comes through the ownership of sports franchises.
How the New York Islanders have fared under the ownership of the new shareholders?
After missing out on the NHL playoffs between the 2016–17 and the 2017–18 seasons, the New York Islanders have been consistent in the NHL playoffs with four appearances.
New York Islanders Valuation and Net Worth
According to figures from Forbes, the New York Islanders are valued at $1.9 billion.
When was the club founded?
The team was founded in 1972.
Team Arena
The New York Islanders currently play their home games at the UBS Arena, a multi-purpose indoor arena with a seating capacity of 17,255 for ice hockey and 19,000 for concerts. It was built between 2019 and 2021 at a construction cost of $1 billion.
Colours and nicknames
The team colours are blue, orange, and white.
What conference is the team in?
The New York Islanders are members of the Metropolitan Division in the Eastern Conference.
Trophies and Achievements
The New York Islanders are a considerably successful team in the NHL franchise. The team has won the Stanley Cup four times, with the last victory in the 1982–83 season.
The Islanders have also won the Prince of Wales Trophy three times. The team has also won six conference and divisional championships, respectively.