The Madison Square Garden Co. investor that targeted chairman and CEO James L. Dolan with sham compensation claims over his family’s sale of Cablevision Systems Corp. sought to formally end the Delaware lawsuit after Dolan agreed to give up $75 million worth of stock he got in the deal. The shareholder, a family trust, asked Vice Chancellor Sam Glasscock III to approve the settlement and dismiss the case at a Sept. 8 hearing.
Tag: James Dolan
Knicks owner James Dolan has another …
Knicks owner James Dolan has another chief adviser as MSG Sports hired David Hopkinson on Monday to oversee its sports properties. In a press release, the Garden said Hopkinson has “more than 25 years of diverse sports industry experience.” He was named executive vice president of MSG Sports in charge of its “strategic vision” and president of team business operations.
Andrew Yang is concerned the Knicks’ …
Andrew Yang is concerned the Knicks’ Tom Thibodeau coaching hire might not be the right fit. Nor is Yang convinced the Knicks new administration can change the team’s fortunes with James Dolan as owner. The former Democratic presidential candidate who participated in seven debates believes he has reason for skepticism. The 45-year-old Westchester native had been a Knicks fan since he was a teenager. He recalls standing on line outside the Garden for special $10 tickets.
Yang, a vocal Knicks critic on his …
Yang, a vocal Knicks critic on his Twitter account, recently turned allegiances to the Nets because of all the orange-and-blue heartbreak. In a 25-minute interview with The Post concerning his past Knicks fandom, Yang said his hope is Dolan will realize it is in Gotham’s best interests to sell the team and wonders whether new president Leon Rose’s vision will ever come to fruition.
“You want to be cautiously …
“You want to be cautiously optimistic,’’ Yang said. “Turning over a new leaf is a positive. The main lens you have for Leon Rose is the sense he’s a relationship guy. The concern you have is: Will he hope to be saved by some epic free-agent haul with his high-powered former clients? That concern is somewhat reflective of hiring Thibodeau with whom Rose had a prior relationship. You look at Thibodeau with a track record of success, Knicks heritage and DNA. This team has needed an identity, discipline, structure. He provides those things — all positives. You think, “so far so good.” But there’s also a concern Thibodeau is the hire [you make] when you’re ready to compete, and this team is somewhat not ready to compete. Is that a fit?”
Perry and Steve Mills orchestrated the …
Perry and Steve Mills orchestrated the previous Knicks coaching search in 2018, which also featured an 11-man field. They picked David Fizdale, fired early in his second season last December. Sources have told The Post owner James Dolan was heavily behind the decision and is now on the hook for all of Fizdale’s four-year, $22 million contract amid a COVID-19 economic crunch. Sources also contend the Zoom interviews extended the search longer than if the interviews were conducted in person and included the wining and dining.
“James Dolan is misunderstood,’’ Stoute …
“James Dolan is misunderstood,’’ Stoute said. “He’s certainly brash. As a sports fan, I love an owner willing to invest and pay for talent. It’s a risky business. When you go get Phil Jackson, there’s a guy who spent a ton of money to get Phil and he failed. And he went out and got Amar’e Stoudemire and Carmelo [Anthony]. They’re trying and spending money. It doesn’t always work out the way you want it to be.’’
However, after seven straight losing …
However, after seven straight losing seasons, owner James Dolan wants victories. That’s why David Fizdale was fired so quickly after a 4-18 start. Tanking was not an option and Rose wants to prove his mettle and show free agents the Garden’s winning culture has been restored. That’s why Thibodeau is here and Kenny Atkinson became an also-ran.
It’s unclear if this is a negotiating …
It’s unclear if this is a negotiating ploy. David Fizdale landed a four-year, fully guaranteed $22 million deal that owner James Dolan is still on the hook for. Dolan has been hit hard by the pandemic because of all the empty venues he owns beyond the Garden. Reports Thursday stated the job had not been formally offered to any candidate. A source said Friday a decision won’t be made until next week.
The Knicks made sweeping changes to …
The Knicks made sweeping changes to their front office this year, in hopes of reversing a two-decade trend of ineptitude. They hired power agent Leon Rose from Creative Artists Agency to become team president. Rose in turn hired William “Worldwide Wes” Wesley, a noted power broker and player confidante, as a top assistant, along with respected front-office veterans Walt Perrin, Brock Aller and Frank Zanin. But their task likely just got tougher, especially when it comes to wooing marquee players. “I think it’s a big black eye on the Knicks as an organization,” said an agent whose firm represents multiple stars, referring to the club’s silence. The agent, who is Black, added, “It will continue to be something that players look down upon, and it further explains why guys like Kevin Durant [passed on the Knicks]. You got all the resources and all the richness of the NBA, and still people don’t want to associate themselves with it.”