Newsday is reporting that former Islanders owner Charles Wang has died. The 74-year-old passed away at his home in Oyster Bay on Sunday, according to his lawyer.
No cause of death was reported.
The Shanghai-born, Brooklyn-raised Wang, who founded company Computer Associates, purchased the Islanders along with business partner Sanjay Kumar in 2000 for $187.5 million. Wang served as majority owner until 2016, when Jon Ledecky and Scott Malkin bought the team for about $485 million. Wang remained with the organization as a minority owner.
Wang also purchased the Bridgeport Sound Tigers, the Islanders’ AHL affiliate, in 2004 and helped keep the team there.