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Knicks owner James Dolan: ‘I’m not selling the team’

Vincent Frank
Adam Hunger-USA TODAY Sports

Embattled New York Knicks owner James Dolan has been in the news for all the wrong reasons. A spat with former Knicks great Charles Oakley a while back didn’t paint Dolan in the best of lights.

With his team struggling for relevance in the broader NBA, Dolan was just caught on a hot mic kicking a fan out of a Knicks game at Madison Square Garden for heckling him with “sell the team” chants.

It goes without saying that Dolan is not the most-popular figure in the Big Apple. With various reports suggesting that he might be looking to sell the team, Dolan just took to the public to decry that notion.

That’s certainly unfortunate for Knicks fans.

But from a business standpoint, it makes no real sense for any NBA owner to sell his/her team. Business is booming in a big way. Revenue continues to skyrocket at record clips.

Meanwhile, Dolan’s Knicks remain the most-valuable franchise in the Association at $4 billion. It’s a number that’s going to continue to climb regardless of the team’s on-court performance.