MSG denies rumor James Dolan looking to sell Knicks

Knicks owner James Dolan
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Rumors that James Dolan is considering selling the Knicks — which elicits a “Hallelujah” chorus from Knicks fans — have been cropping up for a couple of years now. There were rumors he wanted to spin off the Knicks and Rangers into their own company to be sold. That’s just one, there are others — he confirmed he got a feeler $5 billion, but never a firm offer, for the Knicks — and each time he has shot them down.

This is no different.

On his latest Podcast, the Ringer’s Bill Simmons said he had heard that Dolan wanted to focus more on concerts/in-game experiences in Madison Square Garden and that the Knicks were “available.”

The Madison Square Garden Company released this statement (hat tip New York Daily News).

“The story is 100% false. There has been nothing. No discussions. No plans to have discussions – nothing.”

That’s pretty unequivocal.

While Dolan may entertain the idea on some level of selling the Knicks, until he takes concrete steps to do so — not rumors, but actual, documented moves — I’m not buying it. He’s sitting on a gold mine that keeps going up in value, despite how he manages it, so why sell now? Knicks fans that buy this rumor will likely end up like Charlie Brown trying to kick the football.