Topic

Business

3 stories from the newsroom.

New York Islanders owner Jon Ledecky watches a game against the Columbus Blue Jackets at UBS Arena on March 22, 2026. File photo. — Brad Penner-Imagn Images

NEWS

Sep 1, 2026

Venture capitalist David Shuman agrees to buy minority Islanders stake

Lateralus Holdings founder joins the ownership group as a limited partner, an investment still subject to NHL approval.

Los Angeles Dodgers president Stan Kasten attends a game against the St. Louis Cardinals at Dodger Stadium on September 1, 2026. File photo. — Kirby Lee-Imagn Images

EXPANSIONSep 1, 2026

PWHL Not for Sale, Advisory Board Member Stan Kasten Says

Kasten says no ownership change is expected as the league expands to 12 teams for 2026-27, with co-founder Mark Walter under U.S. federal investigation.

Larry Tanenbaum greets the Toronto Raptors mascot at Scotiabank Arena on December 1, 2024. File photo. — Dan Hamilton-Imagn Images

EXPANSION

Jul 21, 2026

PWHL Adds First Outside Investors in Ilitch and Tanenbaum Groups

Detroit's Ilitch Companies and Toronto's Kilmer Sports Ventures join the league as strategic partners, bringing more than $100 million in new capital.