Lateralus Holdings' David Shuman joins the Islanders' ownership group as a limited partner

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NEW YORK (AP) — David Shuman has joined the New York Islanders’ ownership group as a limited partner, subject to NHL approval.

Shuman’s venture capital firm, Lateralus Holdings, and the team announced his minority investment on Monday. The Islanders did not disclose financial terms or what percentage Shuman is getting other than to say there will be no changes to day-to-day business and hockey operations or front office leadership.

Scott Malkin and Jon Ledecky serve as governor and alternate governor, with Oliver Haarmann, Dewey Shay and John Collins also listed as co-owners.

“David is one of the most passionate Islanders fans I know and an extraordinary builder of companies," Ledecky said in a statement. “That mindset will be invaluable as we continue to invest in this organization and in this community.”

In addition to founding Lateralus Holdings, Shuman serves as chairman of Oura and webAI.

“Hockey has been a constant in my life since childhood, both as a fan and a player, and the 1980 Miracle on Ice combined with the Islanders’ four consecutive Stanley Cup championships cemented a lifelong passion,” Shuman said in a statement, referring to the Islanders' glory days of the early '80s. "I’m honored to help support the Islanders’ future and their drive for a fifth Cup.”

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