Islanders sell 15% stake at $3B valuation, up from $1.93B a year ago
What's the deal? The New York IslandersDealroom has a profile for this one. Try Dealroom → have agreed to sell a 15% stake to a group of investors in a deal that values the NHLDealroom has a profile for this one. Try Dealroom → franchise at $3 billion, according to a report by Sportico. Venture capital investor David Shuman was named as a new backer, with one investor reportedly set to buy 10% of the team.
Why now? The price marks a sharp jump from last year, when Sportico valued the Islanders at $1.93 billion — a 15% rise on 2024 that ranked them 14th in the 32-team league. The 2026 valuations have not been released, but the reported deal implies a steep climb.
What changes? Not much day to day. Scott Malkin remains the controlling owner, and operations stay the same. The transaction still requires NHL approval, and the remaining investors have yet to be named.
What's the endgame? Malkin and Jon Ledecky bought the Islanders in 2014 for $485 million. Since then, the team has reached the playoffs seven times, made the Eastern Conference Final in 2020 and 2021, and built UBS ArenaDealroom has a profile for this one. Try Dealroom →.
The signal: A minority sale at a $3 billion valuation — well above the franchise's last public price tag — points to how quickly NHL club values are climbing, with new arenas and entertainment venues helping drive the numbers.
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Image credit: MTAPhotos
