A look at the Islanders' ownership since the NHL awarded Long Island the franchise in 1972.
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.
Boe is forced to sell the team to limited partner John Pickett (pictured) in 1978.
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.
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.
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.
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.
Charles Wang and his business partner Sanjay Kumar buy the team in 2000.
Wang buys out Kumar’s share in 2004.
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.