Madison Square Garden Sports Chairman Dolan has no plans to sell Knicks, Rangers –

James Dolan, the chairman of Madison Sq. Backyard Sports activities (NYSE:MSGS), stated he has no plans to promote the New York Knicks and Rangers.

“There may be completely no considered a full sale of the groups,” Dolan advised Barron’s in an interview printed on Saturday.

Dolan advised the publication that the corporate has no want for money and “the worth of the belongings retains going up yearly. What you promote at the moment might appear like an inexpensive worth” later.

Dolan’s feedback to Barron’s come after the proprietor of famed sports activities franchises was lately quoted in a New York Occasions article as saying that he “actually did not like proudly owning groups.”

Dolan defined to Barron’s that folks misunderstood his feedback.

“I really like the groups and luxuriate in being the proprietor/supervisor of them,” Dolan advised Barron’s.

Whereas Madison Sq. Backyard Sports activities has thought of the opportunity of promoting one of many groups, Dolan stated the corporate is not engaged on any plans now.

Dolan final August additionally dismissed the likelihood that he might promote both the Knicks or the Rangers after an analyst speculated on a possible sale.

Dolan stated there could also be an announcement a couple of sponsorship deal for patches on the Knick’s uniforms earlier than the beginning of the upcoming season.

Dolan, who can be the CEO of Sphere Leisure Co. (SPHR), spoke to Barron’s forward of the opening of the Shere live performance venue in Final Vegas on Friday, which is scheduled to incorporate a live performance from Irish rock legend U2.