UNIONDALE, N.Y. -- The New York Islanders have announced that the team is being sold to a former Washington Capitals co-owner and a London-based investor.
In a statement Tuesday, the team says a group led by former Capitals co-owner Jon Ledecky and investor Scott Malkin has reached an agreement to buy a "substantial" minority interest in the team.
Terms were not immediately disclosed.
The team says under the agreement, current owner Charles Wang will continue as majority stockholder for two years. At that point, ownership will transfer to the Ledecky-Malkin group.
The team, which was founded in 1972, has announced plans to move from Long Island to Brooklyn following this season (see full story).
Settlement reached in Moore/Bertuzzi lawsuit
TORONTO -- A settlement has been reached in Steve Moore's lawsuit against NHL forward Todd Bertuzzi, more than 10 years after the bloody, on-ice attack ended Moore's career.
Geoff Adair, a lawyer for Bertuzzi, confirmed the case was "settled in its totality" but said Tuesday the terms are confidential. The multimillion-dollar lawsuit had been set for trial Sept. 8.
Messages to Moore's lawyer, the NHL, Bertuzzi's agent and the Canucks were not immediately returned.
On March 8, 2004, Bertuzzi, then playing for the Vancouver Canucks, hit Moore from behind. The Colorado Avalanche rookie crashed face first to the ice, leaving him with a concussion and fractured vertebrae.
Moore alleges the Canucks had put a bounty on him following his check that injured their captain, Markus Naslund. Bertuzzi pleaded guilty to criminal assault causing bodily harm. He was sentenced in 2006 to one year of probation and 80 hours of community service.
There has been years of legal wrangling since. The civil case was filed in Ontario court in 2006 but was slowed by delays.
Moore, now 35, never fully recovered from his injuries and was unable to keep playing. In March, a day before the 10th anniversary of the play, he told The Canadian Press he still has headaches and low energy (see full story).