The new owners will be entrepreneur Dr. Henry Samueli and his wife, Susan, of Orange County, Calif. They bought the franchise from The Walt Disney Company, which agreed in February to sell.
Disney paid $50 million to the NHL as an expansion fee in 1992. The price the new owners are paying was not disclosed.
Samueli is co-founder, Chairman of the Board and Chief Technical Officer of the Broadcom Corporation, a broadband communications semiconductor chip firm based in Irvine, Calif.
He says he will continue to remain focused on his duties at Broadcom and leave the day-to-day management of the franchise to a strong leadership team, which has yet to be named.
Notable deaths of 2014 [PHOTOS]