Islanders reportedly agree to sell roughly 15% of team at $3 billion valuation

Sportico reports, citing three people familiar with the details, that the New York Islanders agreed to sell roughly 15% of the NHL team to a handful of investors at a $3 billion valuation. The club previously announced venture capital investor David Shuman as a new investor. The other investors were not immediately known, including one who would own up to 10% of the team. The investment remains subject to NHL approval.