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It's been a busy week, so let me make you happy. Look at the price of the action for The Madison Square Garden Company doing a little jig over the past two days:
What could explain this tip? Probably the announcement Wednesday night that James Dolan, president and CEO of MSG, plans to turn the Knicks and Rangers into a separate company, which would facilitate the sale of both teams, according to a report from Crain. This suggests that there could be a day, maybe even in the not-so-distant future, when these teams are no longer owned by James Dolan.
The aspiring bluesman, profiled by our own Dave McKenna in 2016, is expected to bring his business life in alignment with his true passions. Here is an extremely particular sequence of this report by Crain:
Dolan is more interested in music and the construction of advanced entertainment venues than sports.
"He wants to be more Elon Musk than George Steinbrenner" an analyst told Crain & # 39; s in an article last month.
Dolan inherited the teams as part of the family business, and it's not a total surprise that he wants to leave the sport. After all, Dolan told us, personally, in song last November:
You know I own a basketball team
For most people it would be a dream ]
For a child of trust fund it is a living hell
Still an asshole that tells me to sell.
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