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James Dolan Has Received Interest In Knicks For $5 Billion But No 'Bona Fide Offer' for Sale Yet

Knicks owner James Dolan and his family do not want to sell the team but interested suitors have contacted him about how much money it would take to purchase the franchise.

In an interview with ESPN.com's Ian O'Connor, Dolan said he would never completely shut the door on selling the Knicks but his family has the majority of the vote and is not interested in moving on from the team just yet. Dolan took control of the Knicks in 1999 and also owns the New York Rangers of the NHL and the WNBA's New York Liberty

"I can tell you that nobody in my family wants to sell the Knicks and Rangers," Dolan said.