It’s been a trying week, so let me treat you to something nice. Watch the stock price for The Madison Square Garden Company do a little jig over the last two days: What could explain this spike? Probably the announcement, late Wednesday, that James Dolan, chairman and CEO of MSG, is considering spinning the Knicks and the Rangers off into a separate company, which would smooth the path for an eventual sale of both teams, per a Crain’s report. This suggests that there may be a day, perhaps even in the not-so-distant future, when those teams are no longer owned by James Dolan. The aspiring bluesman, profiled by our own Dave McKenna in 2016, is said to be bringing his business life in alignment with his true passions.
James Dolan, the owner that Knicks fans love to hate, may be laying the groundwork for a sale of the franchise. Shares in Madison Square Garden Co. soared on the news. Late yesterday Dolan announced he was exploring a spin-off that would separate the Knicks and the Rangers from the rest of Madison Square Garden. While Dolan would remain in charge of the teams, at least at first, putting them together in a separate public company would offer him the chance to whittle down his stake easily if he chooses. Dolan is understood to be more interested in music and building cutting-edge entertainment venues than sports. "He wants to be more Elon Musk than George Steinbrenner," an analyst told Crain's in an article last month.
June 21, 2021 | 5:57 pm EDT Update
Mark Medina: Clippers coach Ty Lue said Kawhi Leonard is out for Game 2. He added Marcus Morris Sr. “is still experiencing soreness” and “getting treatment around the clock.” His status unclear for Game 2
Law Murray: Tyronn Lue says that Rajon Rondo’s “pace” is very important, especially with Leonard out. Sounds like he’ll continue in a similar role tomorrow as we saw in Game 1 yesterday. “Rondo brings more than scoring and shooting… we need all of the other intangibles that he brings.”
June 21, 2021 | 5:16 pm EDT Update
Brian Windhorst: Ben Simmons is doubtful to play for Australia in Tokyo Olympics, sources said. Will spend offseason working on skill development. Aussies scheduled to begin training this week in L.A.