MSG Is Courting A Slam Dunk For Investors With Plans To Spinoff The Knicks And Rangers
Sep 19, 2019
He’s hated by the majority of New York sports fans and for good reason, but James Dolan knows exactly what he has in store for loyal followers of the Knicks and the Rangers. Most die-hards will do anything for their favorite teams, and that is exactly what Trump-supporting impresario Dolan is banking on with his plans to offer fans the chance to own them.
By floating MSG Sports on the stock market through Spinning off the beleaguered basketball and hockey teams (the Knicks and Rangers, respectively) into a company separate from his entertainment properties, Dolan is doing what he does best – making money in a bid to unlock further capital for his futuristic, dome-shaped arenas called MSG Spheres.