|Owner (New York Islanders)
Scott D. Malkin (born in 1959) is the founder of Value Retail, which creates luxury retail destinations in coveted locations. The company does over a billion in sales annually. Fellow co-owner Jon Ledecky and Malkin were roommates at Harvard.
Islanders Under Ownership
The two owners purchased a minority stake in the New York Islanders in 2014 from longtime owner Charles Wang, before buying the majority shares in 2016. Forbes reported that the sale was for $485 million. Ledecky and Malkin are one of few owners on this list to have the valuation lower than what was spent, as the club is worth $520 million (2020).
In the first five years of their ownership, the Islanders made the playoffs three times, twice reaching the second round. While better than many teams, the return on investment has not yet been there for the owners.
- New York Islanders (Franchise Owner) 2016-current
- Bridgeport Islanders, AHL (Franchise Owner) 2016-current