The above headline is not in reference to last night’s blowout of a very bad Golden State team, but rather, in light of the family feud going on at Cablevision, is there a chance the Knicks (and Rangers) might be for sale?
Crain’s New York Business reported on its website last night that Jets owner Woody Johnson and former Yes Network honcho Leo Hindery might be interested in purchasing the Knicks if Cablevision puts them up for sale. Johnson and Dolan have warred over the West Side Stadium proposal.
The chaos at Cablevision didn’t stop Dolan from taking on $30 million more in future payroll Feb. 24 at the trading deadline in two roundly criticized deals. An impending ownership change could hurt the Knicks’ chances in the Phil Jackson Sweepstakes.
Last week’s Cablevision purge saw three board members ousted and four new members added, including Rand Araskog, who once owned the Knicks as head of ITT in the 1990’s.
Analysts have speculated the new blood was brought in to decide whether Cablevision should sell its sports properties such as the Knicks, Rangers and the Garden. Estimates are the sports entities could be worth $2 billion.