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M.S.G. Group Intends To Sell The Liberty!!!
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dab44lb



Joined: 16 May 2007
Posts: 356
Location: The Bronx


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PostPosted: 11/14/17 9:26 am    ::: M.S.G. Group Intends To Sell The Liberty!!! Reply Reply with quote

http://liberty.wnba.com/news/madison-square-garden-company-announces-intention-sell-new-york-liberty/

The Worst Thing to wake up to.



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pilight



Joined: 23 Sep 2004
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PostPosted: 11/14/17 9:34 am    ::: Reply Reply with quote

It's only bad if they can't find a buyer. Getting away from James Dolan is a positive, IMO.



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PRballer



Joined: 18 Apr 2007
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PostPosted: 11/14/17 9:38 am    ::: Reply Reply with quote

pilight wrote:
It's only bad if they can't find a buyer. Getting away from James Dolan is a positive, IMO.


Dear Oprah,


bballjunkie



Joined: 12 Aug 2014
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PostPosted: 11/14/17 9:42 am    ::: Reply Reply with quote

This sucks.


dab44lb



Joined: 16 May 2007
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PostPosted: 11/14/17 9:44 am    ::: Reply Reply with quote

Why is it that whenever Bill Laimbeer leaves a team, the owner sells the team?



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Shades



Joined: 10 Jul 2006
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PostPosted: 11/14/17 9:46 am    ::: Reply Reply with quote

It doesn't sound like he wants to dump the team. But he doesn't exactly state that he needs a local buyer. It's hard to imagine not having a team in the largest metropolitan area.



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Ay Mate



Joined: 12 Nov 2016
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PostPosted: 11/14/17 9:48 am    ::: Reply Reply with quote

Hope they keep the team in NYC. Brooklyn perhaps. If so, hope they keep the Liberty name.


tfan



Joined: 31 May 2010
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PostPosted: 11/14/17 9:49 am    ::: Reply Reply with quote

Doesn't seem like a sure thing that they will find a buyer unless the Warriors step in as they were going to do with LA. They have had it for 21 years and own the arena games are played in, and the television network that shows the games., and I think Draft Kings was still a jersey sponsor Hard to convincingly say to someone else "we think you can make this a success".


Queenie



Joined: 18 Nov 2004
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PostPosted: 11/14/17 9:50 am    ::: Reply Reply with quote

Trying not to panic. Trying not to panic. I don't waaaaaaaaaannaaaaaaaaaaaa be a Sun fan.



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pilight



Joined: 23 Sep 2004
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PostPosted: 11/14/17 9:54 am    ::: Reply Reply with quote

dab44lb wrote:
Why is it that whenever Bill Laimbeer leaves a team, the owner sells the team?


He's a rat who knows when to abandon a sinking ship?



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Make lots of noise
Kiss lots of boys
Or kiss lots of girls
If that's something you're into
When the straight and narrow
Gets a little too straight
Roll up a joint, or don't
Just follow your arrow
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Follow your arrow
Wherever it points
dtsnms



Joined: 23 Sep 2004
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PostPosted: 11/14/17 9:55 am    ::: Reply Reply with quote

Queenie wrote:
Trying not to panic. Trying not to panic. I don't waaaaaaaaaannaaaaaaaaaaaa be a Sun fan.


Embrace the Sun-light...after the way the Liberty has treated you STHs it would be justified to jump ship!


Bob Lamm



Joined: 11 Apr 2010
Posts: 2427
Location: New York City


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PostPosted: 11/14/17 10:11 am    ::: Reply Reply with quote

I have to assume that the key figure is now Adam Silver. The WNBA would look ridiculous--and very shaky--without a team in New York.

And I have to wonder what's behind this. Even if the Liberty franchise is losing money, that would be a pittance to Jimmy Dolan. He makes a big point of praising Isiah Thomas in the official statement released by Madison Square Garden. Is Jimmy pissed that the WNBA still won't let his buddy become a part-owner?

I will be very sad if the franchise dies or is moved out of New York. I will be ecstatic if the Liberty continue in New York without slimy Jimmy and sexual harasser Isiah.



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WNBA 09



Joined: 26 Jun 2009
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Location: Dallas , Texas


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PostPosted: 11/14/17 10:13 am    ::: Reply Reply with quote

Wow , this makes my stomach hurt . Hate to see teams sold , although it would be a great time to take a shot at toad for the continous threats of my Wings leaving , i share my condolences with you & All NYL fans. Hopefully someone purchases them before the season starts. Maybe LVFO already had an idea this was happening and got out before hand.



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Nixtreefan



Joined: 14 Nov 2012
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PostPosted: 11/14/17 10:13 am    ::: Reply Reply with quote

I thought nobody liked Dolan maybe he is on his way out any way.


ArtBest23



Joined: 02 Jul 2013
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PostPosted: 11/14/17 10:14 am    ::: Reply Reply with quote

So even assuming they could find a local buyer, where in New York is there a place to play at a price commensurate with limited WNBA revenues? I can't think of anywhere if you assume (as I do) that MSG and Barclays would not be interested at a realistic price.

Well they just finished renovating Nassau Colosseum (after saving it from the wrecking ball). They're probably looking for tenants.


Luuuc



Joined: 10 Feb 2005
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PostPosted: 11/14/17 10:22 am    ::: Reply Reply with quote

Where's that redann person these days? It's finally your moment of relevance!



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Shades



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PostPosted: 11/14/17 10:27 am    ::: Reply Reply with quote

Maybe they'll move to White Plains to the Westchester County Center.



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Nixtreefan



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PostPosted: 11/14/17 10:28 am    ::: Reply Reply with quote

Borders needs to hit up the NBA guys coming out in support of women. Heck they can approach it like they do their charities Laughing


ClayK



Joined: 11 Oct 2005
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PostPosted: 11/14/17 10:29 am    ::: Reply Reply with quote

Bad news: Liberty could move, could still be in NYC but wind up not playing in MSG.

Good news: If any franchise is worth actual dollars, it would be the Liberty -- if Dolan gets, say, $3 million for the Liberty, it establishes the WNBA as a legitimate investment.

Worst news: Dolan can't give Liberty away, team folds.



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Joined: 26 Jun 2009
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PostPosted: 11/14/17 10:40 am    ::: Reply Reply with quote

ClayK wrote:
Bad news: Liberty could move, could still be in NYC but wind up not playing in MSG.

Good news: If any franchise is worth actual dollars, it would be the Liberty -- if Dolan gets, say, $3 million for the Liberty, it establishes the WNBA as a legitimate investment.

Worst news: Dolan can't give Liberty away, team folds.


+1 especially about the worth portion if theres any at all .



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Randy



Joined: 08 Oct 2011
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PostPosted: 11/14/17 10:44 am    ::: Reply Reply with quote

So it seems the only thing worse than Dolan is Dolan saying goodbye.

How about this guy for owner - Isaih Thomas?


Bob Lamm



Joined: 11 Apr 2010
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PostPosted: 11/14/17 10:55 am    ::: Reply Reply with quote

Randy wrote:
So it seems the only thing worse than Dolan is Dolan saying goodbye.

How about this guy for owner - Isaih Thomas?


Perhaps he could set up a partnership with Harvey Weinstein, Roy Moore, and others in their club.



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Let's remember Anucha Browne, who was sexually harassed by Isiah Thomas. In recent years, she served as a vice president of the NCAA focusing on women's basketball championships. Now she is part of the Senior Management Team of UNICEF USA.
dtsnms



Joined: 23 Sep 2004
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PostPosted: 11/14/17 11:13 am    ::: Reply Reply with quote

Randy wrote:
So it seems the only thing worse than Dolan is Dolan saying goodbye.

How about this guy for owner - Isaih Thomas?


Cause he did so well owning the CBA? Embarassed


root_thing



Joined: 28 Apr 2007
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PostPosted: 11/14/17 11:29 am    ::: Reply Reply with quote

In the investment community, there have been rumors about MSG itself being in play for a sale. When MSG was spun off from Cablevision, there was some kind of legal holding period that prevented the company from being re-sold. That deadline passed recently, and supposedly a number of large shareholders feel the company is undervalued. They are pushing for the company to sell itself. Dolan and the board are resisting. During times of crisis, companies often lighten their load and rid themselves of all superfluous businesses. Anything unprofitable qualifies. This has the benefit of eliminating distractions as well as making the company as efficient and attractive as possible -- regardless of whichever path you take.

For anyone interested, here is a discussion between two analysts about the value of MSG:

<iframe width="560" height="315" src="https://www.youtube.com/embed/naFTHumUzK4" frameborder="0" allowfullscreen></iframe>]



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Last edited by root_thing on 11/14/17 11:50 am; edited 1 time in total
Queenie



Joined: 18 Nov 2004
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PostPosted: 11/14/17 11:32 am    ::: Reply Reply with quote

Everything Isiah Thomas touches turns to shit, and that's when he's not touching it inappropriately. If he's allowed to buy the team in full, best case scenario we're back on tenterhooks in five years. (Worst case scenario: we go get shitfaced with everyone else who's lost a team.)

Weeknights in Westchester would be goddamn near impossible.



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