Last month, James Dolan joined Carton and Roberts in studio and made it clear that he had no plans of selling the Knicks or Rangers, nor did he have any thought of retiring any time soon.
But that did not mean he wouldn’t be willing to sell off minority stakes in the teams, which is apparently not being ruled out, according to MSG Sports president and COO David Hopkinson.
Hopkinson, via Mike Vorkunov of The Athletic, said that while MSG has no plans to sell either team, “we would certainly not rule out selling a minority stake in the Knicks or the Rangers.”
So, while that would mean Dolan would still be the majority owner, it could open the door for another owner to buy a minority stake and take some control over the decision-making within either the Knicks or Rangers, though Dolan says he now takes a much more hands-off approach than he used to anyway.
Dolan first voiced the potential of selling a minority stake back in October, and with NBA teams being valued at more and more money, and the Suns recently selling for $4 billion, selling minority stakes in the team could help MSG Sports and Dolan bring in more cash.
Again, Dolan has said he wouldn’t sell majority ownership, and it would go to his family whenever he retires, so if a new minority owner arrives, Dolan would still be in the picture.
Follow Ryan Chichester on Twitter: @ryanchichester1
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