New York Islanders will be sold to investment group
Islanders owner Charles B. Wang will sell team to Jonathan Ledecky, a former owner of a minority stake in the Washington Capitals, and Scott Malkin, a London-based investor. They will become majority owners in two years as team moves to Brooklyn.
New York Islanders being sold to investment group
The New York Islanders owner, Charles B. Wang, announced Tuesday that he would sell the team to Jonathan Ledecky, a former owner of a minority stake in the Washington Capitals, and Scott Malkin, a London-based investor.
Wang said in a statement that he would initially sell the group led by Ledecky and Malkin a “substantial minority interest,” pending NHL approval, and that Ledecky and Malkin would become majority owners of the Islanders in two years.
Financial details were not announced, and Wang did not reveal how much of a stake he would retain after surrendering majority control of the team.
Wang had been listening to offers for the team since at least March. One of the suitors, Andrew Barroway, a hedge-fund manager, thought he had a handshake deal to buy the Islanders for $420 million. Last week, he filed suit against Wang, accusing him of reneging on the sale and raising his asking price to $548 million so that he could pursue an agreement with another buyer. Barroway is seeking $10 million in damages.
The sale to the Ledecky-Malkin group comes a year before the Islanders are to move to Brooklyn to play at Barclays Center — ending their stay at Nassau Coliseum, which began in 1972.
Settlement reached in Bertuzzi lawsuit
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 the terms are confidential. The multimillion-dollar lawsuit had been set for trial Sept. 8.
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.
Real Madrid earns draw with Atletico Madrid
James Rodriguez scored in his Spanish debut as Real Madrid earned a 1-1 draw against Atletico Madrid in the first leg of the Super Cup
Rodriguez came on for Cristiano Ronaldo in the second half at the Santiago Bernabeu and found the back of the net in the 80th minute after he pounced on a loose ball in the penalty area following an attempt by Benzema.
Raul Garcia equalized for Atletico in the 87th from a corner.
Djokovic leads U.S. Open seeds, Federer No. 2
Top-ranked Novak Djokovic is seeded No. 1 for the U.S. Open and five-time champion Roger Federer is No. 2, meaning they could meet only in the final.
Djokovic beat Federer for the title at Wimbledon last month.
Federer moved up one spot from his No. 3 ranking because 2013 champion Rafael Nadal withdrew from the year’s last Grand Slam tournament with an injured right wrist.
Isner survives in day of upsets at Winston-Salem
John Isner shook off a slow start to beat fellow American Bradley Klahn 7-6 (7-5), 6-2 in the second round of the Winston-Salem (N.C.) Open.
Isner, the tournament’s top seed and two-time winner, served 13 aces — one clocked at 138 mph — and broke Klahn’s serve twice in the second set to improve to 11-0 all-time in the final tuneup before next week’s U.S. Open.
Tommy Robredo became the first high seed eliminated at the Winston-Salem Open, falling to France’s Nicolas Mahut 6-1, 7-6 (7-0) in the second round.
Two other top seeds also lost in the second round. Fourth-seeded Leonardo Mayer of Argentina was beaten by Belgian qualifier David Goffin 6-3, 6-1, and Poland’s Jerzy Janowicz upset sixth-seeded Joao Sousa of Portugal 6-1, 3-6, 7-6 (7-5).
• Bob Baffert still isn’t sure how far his talented speedster Bayern will run, but he is willing to find out.
The Hall of Fame trainer is shipping the 3-year-old colt from California to Saratoga Race Course, where he is the 2-1 favorite for Saturday’s Grade I $1.25 million Travers Stakes.
Owned by Kaleem Shah, Bayern leads a field of 10 3-year-olds for the 145th renewal of the Mid-Summer Derby, followed by Belmont Stakes winner Tonalist at 3-1 and Jim Dandy winner Wicked Strong at 7-2.
• NBA referee Dick Bavetta is retiring after a 39-year career in which he never missed an assignment.
Bavetta, 74, officiated a record 2,635 consecutive regular-season games after starting his NBA career on Dec. 2, 1975. He also worked 270 playoff games, including 27 in the NBA Finals.
• Former Miami Heat point guard Toney Douglas has signed to play with the Jiangsu Dragons, the Chinese Basketball Association team that previously featured current Heat center Chris Andersen.
• American Robin Carpenter won the 105-mile second stage of the USA Pro Challenge from Aspen to Mount Crested Butte after the race was interrupted by a downpour. Tacoma native Tejay van Garderen was third.
Times staff and news services