News Article: Minority stake in Rangers may be for sale

[GregSirico]

If Dolan does in fact spin off the Knicks and the Rangers, it would mark the first time the teams haven't been owned by Madison Square Garden. The Garden has controlled the Rangers since the team was founded in 1926.

MSG shares soar as Dolan lays groundwork for sale of Knicks

BTIG's Ross said in a Thursday telephone interview he expects the entertainment company to sell a minority interest its the new sports company, setting a new valuation for the Knicks and Rangers, and Dolan to use proceeds to conduct an exchange offer for entertainment shares, thus increasing his ownership.

Investors May Get A Chance To Own The Rangers And Knicks As James Dolan Considers Split

Click to read more...

 

[EpicDing]

Wow, I don't see how you get that from article at all. Super clickbaity thread title.

 

[Polar Bear]

Misleading title.

 

[NYRFAN218]

Yeah, that seems to be purely speculation based on MSG spinning off their assets to unlock more of its true value.

 

[The Crypto Guy]

Completely misleading title.

 

[Ghost of jas]

Isn’t this the same article as Dolan prepares to sell the Knicks?

 

[Glen Sathers Cigar]

That title isn't correct.

 

[GregSirico]

Yeah, that seems to be purely speculation based on MSG spinning off their assets to unlock more of its true value.

It's definitely speculation and it looks like it's minority shares being spun off.

 

[GregSirico]

Isn’t this the same article as Dolan prepares to sell the Knicks?

Correct.

 

[Ghost of jas]

Correct.

So someone needs to merge the two threads.

 

[GregSirico]

So someone needs to merge the two threads.

Ah my bad. Didn't see the other thread.

 

[Fireonk]

I'll throw in $20. Who's with me?

 

[Oscar Lindberg]

Why does there need to be two threads for this?

 

[GregSirico]

Wow, I don't see how you get that from article at all. Super clickbaity thread title.

The Forbes article is much more in depth. Basically seems like Dolan might be looking to spin off some minority ownership of the teams.

 

[EpicDing]

The Forbes article is much more in depth. Basically seems like Dolan might be looking to spin off some minority ownership of the teams.

Spin off minority ownership =/= sell the team.

 

[JT Kreider]

I'll throw in $20. Who's with me?

I'm in for a grand as long as firing Gordie Clark is the first move we make

 

[GregSirico]

Spin off minority ownership =/= sell the team.

Sale =/= complete ownership

 

[nyr2k2]

The team isn't for sale. Minority stakes in the team are for sale. You can nitpick that, but when the average person reads "team for sale," I promise you they're immediately thinking that majority or complete ownership is being shipped around. Title is still misleading.

I also heard, by the way, that Dolan was one of the potential American investors looking to make a run at AC Milan either as the controlling owner or in a minority capacity.

 

[Hire Sather]

if Dolan ever sells the majority of the team it would be the worst thing to happen to this franchise in years I guarantee it

people love to hate on him as owner but in reality we couldn't have it better he spends the money and he doesn't metal

could not ask for more out of ownership of the team

 

[Elliman]

nah

 

[JESSEWENEEDTOCOOK]

if Dolan ever sells the majority of the team it would be the worst thing to happen to this franchise in years I guarantee it

people love to hate on him as owner but in reality we couldn't have it better he spends the money and he doesn't metal

could not ask for more out of ownership of the team

Yeah, Dolan is more blues than metal

 

[kovazub94]

Yeah, Dolan is more blues than metal

It’s a moo point yet again.

 

[Trxjw]

As stated, the title is misleading. I actually already bought the team from Dolan.

First items on the agenda: Ban the use of any from of math and trade for Joe Veleno.

 

[PlamsUnlimited]

Wait this sounds as if he is gonna sell minority shares. He isn't selling the team.

Anyway I'm down to throw in 1-2k

 

[Ail]

So someone needs to merge the two threads.

Lmao with this crop of mods? Do they even know how?


On the topic at hand I just refinaced my house into a 69 year mortgage in preparation of buying 1 share of the Rangers. That should be enough to at least get a direct line to Gorton’s cell phone.