Feelings are mutual for New York Knicks fans and team owner James Dolan. He's looking to succeed in a new area, but that doesn't mean he's selling his stake in the basketball franchise or the NHL's New York Rangers.
“I don’t really like owning teams,” the Madison Square Garden Entertainment Corporation chief executive told the New York Times in a recent interview. The admission came as he recalled the thought process that led him to not invest in a baseball or soccer team.
Dolan clarified the New York teams are "near and dear" to his heart, but he finds the economics of major league sports “kind of sleepy.