Wall Street insider: Dolan will be tempted to sell Knicks

[2010]

As Market Watch’s Trey Williams reports, BTIG analyst Brandon Ross thinks there’s a possibility Dolan may finally consider selling his stake in the team.

“Following the sale of the Houston Rockets for $2.2 billion, we would not be surprised to see the Dolan family consider a sale of the Knicks and/or the Rangers,” Ross wrote in a blog post to investors on Monday.

Williams explains that the Dolans built their fortune through cable. But with that industry taking a hit in recent years with more and more people cutting the cord, the family has been maneuvering to separate themselves from that business.

There’s a belief that the Dolan family is looking to sell MSG Networks, the Knicks’ television network. And given Dolan’s past views on the potential decline in the value of sports content, the thinking is that they may also consider cashing in on the Knicks.

“Given Dolan’s views, we would think he would have to consider at least partially monetizing MSG’s sports interests (even with the Knicks at a competitive lull), if not now than in the near- to medium-term,” Ross wrote. “The largest dollar upside would clearly come from selling all or part of the Knicks.

“Is it conceivable that the Knicks alone could fetch over $4 billion? The current value of all of MSG is about $4 billion.” Earlier this year, Forbes tagged the Knicks’ worth at $3.3 billion.

https://clutchpoints.com/knicks-news-wall-street-insider-believes-james-dolan-will-want-to-sell-knicks/

[DOT]

There's only like 50 people in the entire world that could buy the Knicks, and most of them are busy running their own giant corporations

[god shammgod]

the logic seems faulty. he's selling the networks off because he sees that the cable business is in decline. the value of nba franchises keeps going up. plus he'll never sell madison square garden itself. he's been buying more venues over the years. he owns radio city. the beacon, the forum in l.a., venues in chicago and boston. that keeps him involved in the music industry which is his passion.

[duetta]

The Dolans are out of the cable business. Cablevision is now owned by a French company.

[Phish Tank]

this is just like when the Yankees sold 80% of the YES Network to Fox.

Nothing too surprising or new. No, Dolan ain't going anywhere

[Capn'O]

There's a bit of smoke, eh? Only a gentle haze. Nothing compared to what Oregon has been seeing lately.

I wonder if he's floating it just to see what he could get at this time.

[Jalen Bluntson]

It's good to have dreams.

[HarthorneWingo]

[Sark]

[DOLPHIN2020]

There's only like 50 people in the entire world that could buy the Knicks, and most of them are busy running their own giant corporations

lots of cheap debt available for such buyouts, in some cases the equity is 10% with rest debt financed. there may be more prospective buyers than one would think.

[ChilledAlex]

Clickbait article

[BadNewsBarnes]

One can only hope....

Fire sticks seem to be the future...even Dolan knew that 3 years ago that cable delivery was going to happen in cyber land.

[King of Canada]

This is the financial version of Isola trolling

[NoLayupRule]

I wonder what kind of new culture would replace Dolan

He's a nightmare. But he spends. But he's a nightmare

I'd be happy with any change at the top but it's hard to imagine a good one

Just imagine a Russian or Chinese oligarch running the garden, renaming it the Ali baba arena.

[NYG]

No way Dolan risks some one else taking over and bringing a championship to NY.

It's weird that Dolan is so bad because on paper he's everything you want in an owner. Willing to spend, passionate, etc. I don't think he ever made a decision with the Knicks based on saving him money. He hired a ton of big names to run the team. I think his biggest flaw is he wants to please the fans too bad. Fans are too impatient to listen to them. He has to build a new culture and identity from the top down which takes more time than he wants to take so he tries to take short cuts which delays improvement even longer.

[kane2021]

Makes no sense. Sell a business making you money because another business you own is becoming obsolete?

Be carful what you wish for though. The knicks continue to pull a profit even with a poor product. I mean you can't ask for much more in a business opportunity. Someone could buy the team. Cut expenses. Neglect it. And profit. Which is probably exactly what will happen if sold. It's a slum lords dream opportunity.


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[moocow007]

Sell the Knicks to a team led by Justin Timberlake and Mark Wahlberg?

[GONYK]

I can't get excited about the thought of Dolan selling unless I knew who was buying.

I bet Kings fans were excited about the Maloofs selling before they met Ranadive.

[DE FENSE]

I can't get excited about the thought of Dolan selling unless I knew who was buying.

I bet Kings fans were excited about the Maloofs selling before they met Ranadive.

The devil you know and all that...

[SelbyCobra]

Counterpoint: No he won't.