The New York Islanders have agreed to sell approximately 15 percent of their ownership shares at a valuation of $3 billion, marking another minority stake transaction for the NHL franchise. The announcement followed the recent addition of David Shuman as a minority owner just four weeks ago.

This development continues a trend of expanding the Islanders’ ownership group. Since 2023, former NHL executive John Collins and European private equity executive Oliver Haarmann joined as minority shareholders. Haarmann acquired his 10 percent stake three years ago, based on a $1.75 billion valuation. The current $3 billion figure represents a more than sixfold increase from the $485 million price tag paid by controlling owners Scott Malkin and Jon Ledecky when they purchased the team in 2014.

The identities of the latest investors have not been disclosed, and the sale remains subject to approval by the NHL. An Islanders spokesperson declined to provide further comment.

Ownership composition remains led by controlling owner Scott Malkin, who, despite being based in the United Kingdom and attending team events only sporadically, retains primary control. Jon Ledecky, meanwhile, serves as the public face of the ownership group, frequently attending games and community activities.

The Islanders continue to invest in their surrounding infrastructure, with ongoing development near UBS Arena, which opened in November 2021. The redevelopment of Belmont Park, adjacent to the arena, was recently completed, and a shopping village near UBS Arena—reflective of Malkin’s experience with luxury retail properties predominantly in Europe—remains under construction following a soft launch two years prior.

Looking ahead, the Islanders are set to host the NHL All-Star Game and All-Star Skills Competition in February, marking the first league-wide event at UBS Arena. The team is scheduled to open their season on Wednesday at 7:30 p.m. against the Toronto Maple Leafs.