James Dolan has gotten “feelers” from possible bidders thinking about purchasing the particular Knicks which have gone up in order to $5 billion dollars, and while he or she doesn’t wish to sell, this individual didn’t exclude that it might happen in an job interview with ESPN.
Dolan, the particular chairman plus CEO from the Madison Sq . Garden firm, recently started the process of rotating off the industry’s sports groups from its amusement entities, sparking the idea that this individual was thinking about selling the particular Knicks.
Yet there have been simply no “bona fide” offers plus Dolan declared that no one in the family can be looking to market.
Still, this individual left open up the chance which he would un-load the Knicks for company reasons.
“I love the Knicks and Rangers, right, however, you still have the responsibility for your shareholders, inch Dolan mentioned in the job interview. “They’re not really there mainly because they’re followers. You don’t spend hundreds of millions associated with dollars in the stock since you’re the fan. You will it since you think that the company is going to embrace value, which the stock cost is going to increase. You have a obligation as the man who operates the place to provide on that will for them, that is certainly being open up and clear. And so in this position, I possibly could never declare I more than likely consider offering the Knicks. ”
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Dolan has had the rocky period since overtaking the Knicks it happened in 1999. It has incorporated front workplace upheaval, continuing coaching adjustments, organizational damage and lots of losing. There was clearly also the particular 2007 lovemaking harassment legal action filed simply by former worker Anucha Browne Sanders, that the Knicks dropped.
Still, Dolan said the particular Knicks plus Rangers are excellent assets and and his household like owning all of them.
That doesn’t indicate, though, this individual wouldn’t consider marketing if the circumstance called for this.
“As a number owner, I actually don’t wish to sell, possibly, ” Dolan said. “As the head from the public organization, you can’t state you can’t market, because after that you’re informing your investors that your personal feelings regarding your possessions are more essential than their particular money. Plus they won’t make investments with you should you choose that. inch
Follow Bob Iseman upon Twitter @ChrisIseman