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James Dolan Reportedly Interested in Investing in Islanders' Proposed New Arena

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Madison Square Garden Company executive chairman James Dolan, who leads ownership efforts for the New York Knicks and New York Rangers, is among the potential investors in a proposed Queens arena for the New York Islanders, the crosstown rival of the Rangers.

Scott Soshnick of Bloomberg reported Friday that Dolan is involved with the Oak View Group, a private equity firm involved in discussions about the arena. The Wilpon family, which controls the New York Mets, could also be part of an eventual deal through its Sterling Project Development advisory group.