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Report: Islanders Selling Franchise Stake at $3B Valuation
The deal would make the Islanders one of the NHL’s most valuable teams, with one investor set to own up to 10%, Sportico reported.
- On Monday, Sportico reported the New York Islanders reached an agreement to sell roughly 15% of the franchise to a handful of investors based on a $3 billion valuation.
- Primary owners Scott Malkin and Jon Ledecky acquired the Islanders for $485 million 12 years ago; the franchise value has since grown to $3 billion.
- Accordion CEO Nick Leopard leads the investor group purchasing the 15% stake, stating, "I've spent my career building winning organizations." Leopard founded the AI-focused financial consulting firm 17 years ago.
- Recent additions to the Islanders ownership group include venture capitalist David Shuman, who joined last month, and German financier Oliver Haarmann, who joined in 2023.
- While awaiting NHL approval, the Islanders open their new season today, Wednesday, in Toronto, as the franchise value continues its significant upward trajectory.
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Nick Leopard leading group purchasing 15% stake of Islanders
Nick Leopard, CEO and founder of Accordion, is leading a group of investors that is purchasing a 15% stake in the New York Islanders at a valuation of $3 billion, amNewYork has confirmed. A Long Island native, Leopard founded Accordion, which is an AI- and data-powered financial consulting firm focused on private equity, 17 years...
·New York, United States
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Coverage Details
Total News Sources12
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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