Islanders owner selling his share of the club, a settlement reached in the Moore-Bertuzzi lawsuit, Ryan Malone pleads no contest on DUI charge, and more.

Charles Wang to sell the Islanders.

Charles Wang to sell the Islanders.

NEWSDAY: Charles Wang has agreed to sell a minority stake in the New York Islanders to two businessmen, who will assume majority control of the Brooklyn-bound franchise in two years time. The new owners are Manhattan investor Jonathan Ledecky (a former co-owner of the Washington Capitals) and European shopping center magnate Scott Malkin.  Wang still faces a lawsuit from hedge-fund manager Andrew Barroway, who claims Wang backed out of a deal to sell the club to him.

SPECTOR’S NOTE: While a number of Islanders fans are cheering this news, it remains to be seen if the prospective new majority owners will significantly improve the club, which has been a laughingstock for over two decades. I’ll have more thoughts on this later this week in my Soapbox. 

TSN.CA: An out-of-court settlement has been reached in Steve Moore’s lawsuit against Todd Bertuzzi.

THE TAMPA TRIBUNE: Former Lightning forward Ryan Malone pleaded no contest to a DUI charge and agreed to enter a pretrial intervention program on a cocaine possession charge. If he successfully completes the program, the possession charge will be dismissed.

SECTION 303: Jeremy Glover interviewed Nashville Predators coach Peter Laviolette, who sings the praises of former Chicago Blackhawks prospect Kevin Hayes. It’s believed the Predators are among the clubs interested in signing Hayes, who became an unrestricted free agent this past weekend.

CSNNE.COM: Defenseman Mike Mottau has announced his NHL retirement after playing 321 games with the New York Rangers, Calgary Flames, New Jersey Devils, New York Islanders, Boston Bruins and Florida Panthers.

NHL.COM: The league has released its preseason schedule. Preseason action begins September 21. The regular season opens on October 8.