While it got approved, the deal still isn't finalized yet, according to Jim Baumbach from Newsday. The Islanders are reportedly hoping to close the sale by the start of the season, according to Baumbach.
Bettman says Isles deal not finalized, but it's approved.To learn more about the future Islanders owners you can click here and here.
— Jim Baumbach (@jimbaumbach) September 30, 2014
Bit of a surprise at NHL board of governors meeting -- I'm told the sale of #NYI to Jon Ledecky and Scott Malkin was approved today.Well, this is very surprising as it had been reported since this news broke last month that a vote likely wouldn't take place until December. I would've preferred Wang being 100% out of the picture, but this is the next best thing.
— Chris Johnston (@reporterchris) September 30, 2014