Knicks’ fans would throw a party of James Dolan sold the team
New York Knicks’ owner James Dolan has come out and admitted that he is open to selling the Knickerbockers, which is music to the ears of their fans after years of suffering with Dolan under rule.
“You hear numbers all the time,” Dolan told ESPN. “… I think people have sent feelers out, but never any that were pursued. Yeah, [the feelers are] around that number [$5 billion], but those things, it’s like a stock price. It’s only important if you’re going to buy or sell.”
Dolan did say that he would have to get the approval from his family to sell the team, since they’re majority owners.
“You have a responsibility as the guy who runs the place to deliver on that for them, that’s being open and transparent. And so in that position, I could never say that I wouldn’t consider selling the Knicks. Now, my family is not in that position, and they are the majority shareholders. They hold the majority of the vote. … As a majority owner, I don’t want to sell, either. As the head of the public company, you can’t say you can’t sell, because then you’re telling your shareholders that your own personal feelings about your assets are more important than their money. And they won’t invest with you if you do that.”
Dolan has already put the WNBA’s New York Liberty up for sale, but of course they don’t have to following that a team like the Knicks does.
After taking over as the Chairman of Madison Square Garden 1999, the Knicks have been a dumpster fire and Dolan might be realizing that he’ll never help them become a title contender.
With head coach David Fizdale and general manager Scott Perry in charge, the Knicks might be able to finally turn things around for the Knicks. But ultimately, Dolan selling the team could put them over the top and help them build a winner if the right person buys the team and hires the right people.
Paul has been a professional writer since 2010 and covered the NFL for several years as a credentialed media member. Some of his work has been linked to companies like FOX Sports, MSN, ESPN, Rolling Stone, Forbes and Deadspin. He’s also appeared on sports talk radio shows from around the United States.