Islanders' owner John Spano (Credit: Newsady/Paul Bereswill)

Islanders' owner John Spano

Islanders ownership timeline

A look at the Islanders ownership since the NHL awarded Long Island the franchise in 1972.

1971

Roy Boe (pictured right), who also owned the
(Credit: AP / John Rooney)

Roy Boe (pictured right), who also owned the New York Nets of the ABA, becomes one of the original owners of the Islanders in 1971.

1978

Boe is forced to sell the team to
(Credit: Handout)

Boe is forced to sell the team to limited partner John Pickett (pictured) in 1978.

1992

Pickett sells a minority share in 1992 to
(Credit: Newsday)

Pickett sells a minority share in 1992 to a group of local investors — Stephen Walsh, Paul Greenwood, Robert D. Rosenthal (pictured) and Ralph Palleschi — who also gain managing control.

1996

John Spano reaches a deal to buy the
(Credit: Newsday)

John Spano reaches a deal to buy the team from Pickett in October 1996 but is forced to relinquish the team in June 1997 after being unable to pay. Spano is later charged with fraud and serves more than five years in jail.

1997

Pickett regains control of the team in 1997.
(Credit: AP / Mark Lennihan)

Pickett regains control of the team in 1997.
Pictured: NHL commissioner Gary Bettman at a press conference announcing that Pickett will take over as owner.

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1997

Howard Milstein, a New York City real estate
(Credit: AP / Steve Frischling)

Howard Milstein, a New York City real estate developer, and Steve Gluckstern (pictured), Phoenix Coyotes co-owner, buy the Islanders from Pickett in September 1997.

2000

Charles Wang and his business partner Sanjay Kumar
(Credit: Newsday / Jim Peppler)

Charles Wang and his business partner Sanjay Kumar buy the team in 2000.

2004

Wang buys out Kumar?s share in 2004.
(Credit: AP / Henny Ray Abrams)

Wang buys out Kumar’s share in 2004.

2014

Wang sells a minority stake to Jonathan Ledecky
(Credit: Getty Images / Mario Tama)

Wang sells a minority stake to Jonathan Ledecky (pictured) and Scott Malkin, who are to gain majority control in two years, on Aug. 19, 2014.