While for many fans of the New York Knicks and Rangers it would be a dream come true that owner James Dolan would sell up, it doesn’t look like it is going to happen any time soon.
Back in June the Madison Square Garden Company executive chairman said he was looking to separate the Knicks and Rangers franchises away from the rest of the Madison Square Garden Company, leading many to believe he was looking to sell up.
Talking about the proposal at the time Dolan said, “We believe this proposed transaction would provide each company with enhanced strategic flexibility, its own defined business focus and clear investment characteristics.”
The news at the time also saw a rise in MSG’s stock by almost 20%, but in a recent appearance on Fox 5 in New York, Dolan told the hosts “We’re not going to sell.” shortly before debuting his new song about his friend, disgraced Hollywood producer Harvey Weinstein, titled “I Should’ve Known.”
Knicks were recently valued at $3.6 billion and Rangers at $1.5 billion, despite their lack of success in recent years.
Along with Knicks and Rangers, MSG also owns the WNBA’s New York Liberty, NBA and NHL minor league affiliates, and a regional sports network.