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Investor reportedly pushing James Dolan to sell Knicks and Rangers, saying teams worth $7.2 billion

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RJ Barrett #9 of the New York Knicks shoots the ball dunks the ball against the Detroit Pistons on November 6, 2019 at Little Caesars Arena in Detroit, Michigan.

Chris Schwegler | National Basketball Association | Getty Images

Activist investor in Madison Square Garden Company, Blue Harbour Group, is reportedly encouraging the sale of a portion the New York Knicks and New York Rangers in order to boost MSG share performance ahead of the planned spinoff of the sports teams, Bloomberg News reported on Wednesday.

Shares of Madison Square Garden rose 1.2% on Thursday on news that Blue Harbour Group’s Clifton Robbins estimates the two New York sports team are worth as much as $7.2 billion, and…



Source cnbc.com

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