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Islanders announce sale of team

(AP Photo/Henny Ray Abrams, File)

UNIONDALE, N.Y. (AP) The New York Islanders are selling a minority stake of the team, with a former Washington Capitals co-owner and a London-based investor to become full owners in two years.

The hockey team said Tuesday a group led by former Capitals co-owner Jon Ledecky and investor Scott Malkin agreed to buy a "substantial" minority interest. Terms weren't immediately disclosed.

Under the agreement, current owner Charles Wang will continue as majority stockholder for two years, the team said in a statement. At that point, ownership will transfer to the Ledecky-Malkin group.

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Points
Rank Player Pts G A
1 A. Kopitar, LA26521
2t J. Carter, LA251015
2t J. Williams, LA25916
4 M. Gaborik, LA22148
5 P. Kane, Chi20812
6 D. Doughty, LA18513
7t R. McDonagh, NYR17413
7t J. Toews, Chi1798
9 B. Saad, Chi16610
10t R. Getzlaf, Anh15411
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Goals Against Average
Rank Player
1M. Jones, LA0.00
2S. Mason, Phi1.97
3T. Rask, Bos1.99
4J. Howard, Det2.01
5D. Kuemper, Min2.02
6A. Stalock, SJ2.03
7H. Lundqvist, NYR2.14
8J. Hiller, Anh2.18
9C. Price, Mon2.35
10M. Fleury, Pit2.40
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