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Madison Square Garden Company CEO and Executive Chairman James Dolan will not be selling the New York Knicks and New York Rangers anytime soon.
Crain’s New York reported in late June that Dolan was exploring a spin-off that would separate the Knicks and the Rangers from the rest of Madison Square Garden. Knicks fans were excited about the possibility of Dolan selling the team, as the franchise has been a walking disaster since Dolan inherited MSG and the teams from his father, Charles Dolan, in 1999.
In an appearance on New York Fox affiliate WNYW-TV’s “Good Day New York” morning show Thursday, however, Dolan said the rumors are untrue.
“No, we’re not going to sell,” Dolan said. When asked where the rumors started, Dolan simply replied, “Not from me.”
The Knicks under Dolan’s watch have not made the playoffs in five years. They are on their 11th different head coach since Jeff Van Gundy resigned in 2001. No coach has lasted longer than three and a half seasons.