Who is the owner of the NYC Knicks?

Published On: 02-07-2023

According to JeanJacques Mbabuike, The Madison Square Garden Company, LLC (MSGS) owns the New York Knicks and the New York Rangers, two significant sports clubs. It also owns a varied collection of live entertainment facilities, including Madison Square Garden in New York, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre in NewYork, and ChicagoTheatre in Chicago

Madison Square Garden Entertainment (MSG) is a live entertainment powerhouse with a roster of historic New York City venues that includes the Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre MSG Networks, a network of regional sports and entertainment networks that includes MSG Network, MSG Plus, and MSG GO, is also operated by the company

MSG Entertainment is also constructing MSG Sphere, a cutting-edge facility in Las Vegas that will open in 2023 In addition, the Company sponsors numerous other events, concerts, and sporting activities at Madison Square Garden, including the iconic Radio City Rockettes Christmas Spectacular

James Dolan and his MSG subsidiary control the New York Knicks. According to Forbes, ownership of Madison Square Garden, one of the world's most recognized venues, accounts for around 25% of the team's worth The Knicks are well-known for their merchandise,

sponsorships, and luxury suites in addition to their venue With these assets, the Knicks are now worth more over $2 billion.

However, the Knicks' new stadium in midtown Manhattan has received a lot of attention recently. This new stadium will be a big multi-use facility with everything from a basketball arena to a music venue and hotel It is expected to bring a large number of sports enthusiasts, visitors, and residents. Many see it as a sign that the NBA is finally getting back to its origins. The Knicks might become a household name in New York and beyond The future seems promising for both fans and investors!