Madison Square Garden CEO and New York Knicks owner James Dolan has been sued by shareholders, per a report from Marc Hogan of Pitchfork.
According to the suit, Dolan is only at MSG “part-time” and devotes most of his time to his band, JD and the Straight Shot. The lawsuit also describes Dolan as “staggeringly overpaid” in his position, citing the lack of time he devotes to the MSG Corporation.
Company records show James Dolan earned $75.6 million from MSG over the last three fiscal years.
“The highest-paid peer CEO received $32.