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 Islanders' ownership group as 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. It is subject to approval by the NHL. The Islanders did not disclose…
Associated Press News
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.
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...
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