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Lateralus Holdings’ David Shuman Joins the Islanders’ Ownership Group as a Limited Partner
The team said the minority investment brings its ownership group to six investors and will not change day-to-day operations.
- On Monday, tech investor David Shuman joined the New York Islanders ownership group as a limited partner, subject to NHL approval.
- Shuman's venture capital firm, Lateralus Holdings, announced the minority investment Monday. He also serves as chairman of Oura and webAI.
- Principal owner Scott Malkin leads the group, which assumed an 85% stake from the late Charles Wang in 2016; the remaining 15% is held by Wang's estate.
- Co-Owner Jon Ledecky confirmed no changes to day-to-day business or hockey operations. He called Shuman an "extraordinary builder of companies" and passionate supporter.
- The 1980 Miracle on Ice and the Islanders' four consecutive Stanley Cup championships cemented Shuman's "lifelong passion," he stated. He aims to support the team's drive for a fifth Cup.
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Lateralus Holdings' David Shuman joins the Islanders' ownership group as a limited partner
David Shuman has joined the New York Islanders' ownership group as a limited partner. Shuman's venture capital firm, Lateralus Holdings, and the team announced his minority investment.
·New York, United States
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Islanders announce David Shuman as new minority owner
David Shuman, the founder of Lateralus Holdings, has acquired a minority ownership stake in the New York Islanders, the team announced Monday. The investment remains subject to NHL approval and will not have any direct impact on the team’s day-to-day operations, front office leadership, or hockey operations. Lateralus Holdings is a venture capital firm that...
·New York, United States
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Coverage Details
Total News Sources11
Leaning Left3Leaning Right1Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 33%
C 56%
11%
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