The Charles B. Wang era officially came to an end on Wednesday when the Islanders’ current majority ownership announced it had purchased the remaining 15% of the organization from the estate of the previous owner.
But co-owner Jon Ledecky said Wang’s legacy will endure with the Islanders’ new UBS Arena targeted to open in November.
"Charles Wang took us to Belmont Park and explained how he could imagine that this location could some day be the permanent home of the New York Islanders," Ledecky said.
The sale price was not immediately available.
Forbes recently valued the Islanders’ franchise at $520 million, a flat valuation from 2019.