According to the New York Post, Minnesota Wild co-owner Phil Falcone is interested in selling his minority stake in the Minnesota Wild in order to become an investor with the Islanders. Falcone is old friends with new Islanders owner Jonathan Ledecky. On August 19th, it was reported that Ledecky and London businessman Scott Malkin had purchased a minority stake in the Islanders with it turning to a majority stake in two years.
Falcone owns 45% of the Wild which he purchased in 2008. He has recently clashed with the teams co-owner Craig Leipold over how to cover the teams losses which amount to roughly 20 million dollars yearly.