10 years ago today the New York Islanders announced “A group led by former Capitals co-owner Jon Ledecky has reached a definitive agreement, subject to NHL approval, to purchase a substantial minority interest in the Islanders.”

Scott Malkin and Jon Ledecky purchased a substantial minority stake in the Islanders for $485 million as per Forbes. As of December 2023, Forbes values the Islanders at $1.55 Billion and ranks them the 10th most valuable team in the league.