Who owns ny knicks

Those rumors, amid the expectations of landing Kevin Durant, Kyrie Irving, and Zion Williamson, sparked the most exciting time for Knicks fans—of which I am one—in years. His properties include the Knicks, New York Rangers, and New York Liberty, along with two regional sports networks and various entertainment venues.

Dolan and Madison Square Garden squashed the speculation at the time. So he still wants to do some real estate in New York, why not buy the Garden? Two years later, Dolan became chairman of MSG and assumed the day-to-day responsibilities of the NY Knicks and regional sports networks. A continued increase in team revenue and national media contracts certainly play a part, but when it comes to valuation—despite consistently being one of the worst teams in the NBA—the New York Knicks have a distinct advantage in a few categories.

Given the location of Madison Square Garden, you could argue that it should be grouped with the overall inherent value of the franchise being located within NYC. Similar to the narrative of geographic location and Madison Square Garden, the New York Knicks have heavily benefited from having larger local media rights than the majority of the NBA. You can read it here.

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Huddle Up Subscribe Sign in. The venue itself will seat about 17, people. The entire exterior of the sphere will be made of a high-definition LED screens. Dolan said last year the building's interior effects will attempt to copy what it feels like to be in different climates.

That is essentially what we are building: an attempt to convince you that you are somewhere else. If the first two venues are successful, MSG will try to build arenas in more locations, according to people familiar with the matter. The idea is to make MSG Spheres the gold standard for modern venues. That fueled some suspicion that Dolan may be preparing to sell the teams.

Dolan knocked down that theory in an ESPN profile in December, saying his family "likes being owners" and has no interest in selling the teams. Still, once the teams trade publicly on their own, isolated from the rest of MSG, they'll have a price tag on them. Dolan has a responsibility to shareholders to take credible offers seriously, especially ones that come with a sizable premium.

An additional benefit of spinning the Knicks and Rangers into a separately traded company is that MSG could more easily borrow money to fuel the construction of spheres.