Wall Street insider: Dolan will be tempted to sell Knicks
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.
Veo complicado que alguien ponga 4 BIllones pero solo si pasa esto, se puede producir el cambio que llevamos bastante tiempo esperando en la franquicia. Dolan es el principal mal que han tenido los Knicks en estos ultimos 15 años.