MSG Sports President David Hopkinson said there are no “current plans” for a sale.
is open to selling minority stakes in either sports franchise, his company revealed during an earnings call Tuesday.to ban perceived legal enemies from his venues — had previously refused to entertain offers for the prized teams, which are part of Madison Square Garden Sports.
“We have no plans to sell either team and – you suggested the Knicks – no current plans there, but we would certainly not rule out the possibility of selling a minority stake in the Knicks or the Rangers,” MSG Sports president and COO David Hopkinson said.– an increase of 8% compared to the previous year and the second-highest among NBA franchises.an estimated worth of $2.
The company also owns the Westchester Knicks, which is the team’s NBA G League affiliate, and the Rangers’ American Hockey League affiliate, the Hartford Wolf Pack. “Our recent share buyback program is a demonstration of that confidence – recognizing the gap that persists between the current trading price of our stock relative to the intrinsic value of our marquee sports franchises,” he added.
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