Yeah. The Dolans took advantage of having a combined ownership platform for as long as it was actually an advantage. Now they have more flexibility if they split the entities, so they’re doing that. I would imagine Dolan will make some cash reducing his position, but there’s almost no chance he sells enough stock to lose control of the Knicks, Rangers or MSG.Good explanation of how and why the Rangers will likely soon be owned by a different entity...
Knicks-Rangers Split: Explaining MSG Sports’ $13.5B Breakup
MSG Sports is considering a split of the Rangers and Knicks, who are worth a combined $13.5 billion, per Sportico. Here is a breakdown of the deal.www.sportico.com
Sooner or later, I’m guessing that MLSE will come to the same conclusion at some point. Probably when it eventually becomes obvious to the shareholders that having corporate pukes like Pelley making decisions that impact your sports operations is a REALLY bad idea