Report: Are the New York Rangers for sale?
David Pagnotta is a Toronto based insider that runs a publication known as The Fourth Period. In his latest column he reports that James Dolan has done his due diligence in investigating selling the Rangers.
Per the Fourth Period
In (Dolan’s) interview with ESPN, he cited “a responsibility to your shareholders” as to reasons why he’d consider selling the Rangers or Knicks…I’ve been told a $2 billion figure on the Rangers would likely result in a meaningful conversation. Dolan has investigated what the Rangers are actually worth, as he’s believed to have hired a form of representation to determine a full valuation of the franchise and what levels of interest there may be out there. This in no way means he’s seriously considering selling the Rangers, but he’s doing his due diligence…
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What could this mean?
Is James Dolan serious? It’s a pretty surprising report but one that all Rangers fans should keep an eye out on. We all know that the right ownership is as important to the future of a franchise as are its players.
While this news will probably cause some fans to jump for joy, I have my trepidations. James Dolan is way too involved in the Knicks but for the most part has kept his hands off the Rangers. He’s allowed the hockey people to run the team.
Of course, he made that decision when he handed the reins over to Glen Sather many years ago. That decision is likely why those fans that would welcome this sale may rejoice. Sather hasn’t really been that successful but he has Jeff Gorton and David Quinn in place with the team focused on the future.
Could an ownership change disrupt that? Very likely. However, whether that is for the better or worse is unknown at this time. We will stay on top of this for you.
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