Rumor: Dolan rumored to be selling Rangers/Knicks after Vegas MSG Sphere completes
- Thread starter Kane One
- Start date
- May 30, 2013
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Dolan/MSG properties having a stake in the Rangers/Knicks limited their ability to do certain corporate things because they're governed by the agreements with the league. This is to protect the financial health of the teams from overzealous owners. Dolan/MSG have wanted to build new properties like both spheres for years but had a hard time navigating the politics of it when MSG was one company (it's now two) for this reason. Spinning off MSG sports as its own company freed them to do a lot more to expand the company.
Unrelated to it, sports, even rich teams, are not money printers. it's a very mature industry that has limited ability to grow revenue. The Rangers/Knicks make a ton of money but MSG is restricted in their ability to do things with the MSG arena itself while they are tenants under MSG ownership. Dolan has clearly identified that the key revenue growth source is live entertainment and sports is getting to be not worth the hassle.
I don't think i explained this well but yeah
Lion Hound
@JoeTucc26
If he does sell keep an eye on WME-IMG, AND Endeavor. They have quite a presence in NY. Company is a Monster and have been providing celebs to visit the Garden for decades. They will be in on it if Dolan sells.
n8
WAAAAAAA!!!
JimmyG89
Registered User
- May 1, 2010
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NYRFAN218
King
I’m still not seeing how you sell and get full values for the franchises without selling the arena too. And what’s stopping whoever buys these teams to throw up the middle finger to MSG the arena and build their own arena?
- May 30, 2013
- 42,931
- 18,300
the significant tax breaks that MSG gets. it would be an extreme, daunting cost to build a new arena in the metro area.
Governments, the public, etc.
Dolan is strange in that being relatively hands off in the eyes of the public (which is a positive in relation to NYK), he gave free reign to Sather fcking the team up big time in the dark ages. We got very lucky with the Jagr resurgence and Lundqvist (and the cap reigned Sather in to be honest).
At the same time, he was willing to spend absolutely anything since in comparison to a bench player on the Knicks, hockey players are welfare recipients. Players WANT to come here because its all the perks of the high life without any of the drama.
NYRFAN218
King
Of course and I know Jimmy has got different politicians in his back pocket but I can’t help but wonder what happens if new owners get the teams and get someone on their side to stick it to MSG over the Penn Station and tax abatement shit.
I guess anyone buying the teams is doing it to watch the values go up over time and isn’t as concerned about money but I just keep cycling back to the franchises being as valuable as they are due to their ties to the arena.
Kane One
Moderator
pld459666
Registered User
I disagree with this as well.
Wilson is a known POS and they didn't handle that situation very well (the league) I would hope to see more teams call out the incompetence of the Player Safety douche-bags
Greg02
Registered User
- Jun 28, 2009
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While I certainly had my issues with Sather, he is one of the most accomplished GMs in the history of the league. Ownership getting him and giving him a blank checkbook 20 years to work with should be everything you want as a fan.
Greg02
Registered User
- Jun 28, 2009
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pld459666
Registered User
Sather was a joke and should have been fired before the teams played their first game after the 2005 Lockout.
nsvoyageurs
Registered User
The letter and the direction the letter stated was long overdue. It's worked out fine so far. Still, the prospects obtained during that time need to take their next steps, but things are heading in the right direction.
As someone said, it debunks the myth that you can't rebuild in New York; even the NY Yankees had a sell off in 2016 when they middling along in the standings. Fans, or at least the close followers, can understand when a rebuild is necessary and are willing to be patient. Does it guarantee future success, no, and teams have to develop those assets, prospects properly. But it gives a team a much needed change of direction and something to look forward to as (hopefully) the prospects/younger players develop.
Adam Fox Time
Registered User
- Jan 1, 2020
- 606
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LOL so much for that
Yeah this would pretty much just be good for the Knicks although they have been tending up recently.
Shesterkybomb
Registered User
- Dec 30, 2016
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Sather parlayed getting handed a superstar team in Edmonton into a life long paycheck, as a hockey guy he's mediocre at best but he's not dumb.
Crease
Chief Justice of the HFNYR Court
- Jul 12, 2004
- 24,084
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You've yet to explain why it was an "epic embarrassment" despite being universally applauded.
Oscar Lindberg
Registered User
Dolan as owner of the Rangers has been good. Deep pockets, signs the checks and rarely ever causes issues.
A new owner makes me anxious cause these are essentially expensive toys for these guys and they always want to have their say. Dolan is self aware enough to be hands off and let hockey people do their thing.
Be careful what you wish for on this one.
A new owner makes me anxious cause these are essentially expensive toys for these guys and they always want to have their say. Dolan is self aware enough to be hands off and let hockey people do their thing.
Be careful what you wish for on this one.
- Jan 18, 2007
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No, it certainly wasn't handled well by the league, but making it public also inspired most of the league to laugh at us.
pld459666
Registered User
The definition of a nothing burger is that it doesn't need to be handled, thus can't be handled poorly.
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