The New York Islanders have new faces atop the organization.

Jonathan Ledecky and Scott Malkin, whose purchase of the club was approved back in 2014, have officially assumed majority ownership over the Islanders, with former owner Charles Wang retaining a minority stake.

The pair of new owners take over at the beginning of the NHL free agent signing period, with both Kyle Okposo and Frans Nielsen potentially leaving the club for better offers on the open market.

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