In 2014, Jon Ledecky and longtime partner Scott Malkin purchased the New York Islanders from Charles Wang for a reported $485 million. This purchase was one of the largest sales in NHL history and marked the end of an era for Wang as owner. Since taking over, Ledecky and Malkin have made several moves to strengthen the team including hiring Lou Lamoriello as General Manager in 2018 and Barry Trotz as Head Coach in 2019. They have also committed to building an 18,000-seat arena at Belmont Park that is expected to open by 2021. With these changes, along with a strong showing on the ice this season, it appears that Ledecky's purchase of the Islanders back in 2014 has been nothing but beneficial so far.