Lateralus Holdings' David Shuman Joins Islanders Ownership Group

David Shuman, founder of venture capital firm Lateralus Holdings, has become a limited partner in the New York Islanders' ownership group. The announcement was made on Monday, pending approval from the National Hockey League.

While financial details of the minority investment were not disclosed, the Islanders organization stated that Shuman's involvement will not alter the day-to-day operations of the team's business or hockey departments, nor will it impact the front office leadership. This move signifies a new investment in the NHL franchise.