The news of a New York Islanders ownership change came in August 2014 when it was announced that Ledecky, who previously co-owned the Washington Capitals, and Makin would take over as majority shareholders in two years time.
The price of the sale was reported to be $485 million by Forbes. An astounding price when you consider that Forber listed the value of the franchise at $325 million as of November 2015.
Ledecky isn’t a newcomer to the sports ownership world. He not only co-owned the Washington Capitals with now majority owner Ted Leonis, but he had a number of bids beat out for a number of other teams across leagues including the Montréal Canadiens and the Washington Nationals.