The Madison Square Garden Company said Monday that chairman and Knicks owner James Dolan hasn’t been courting offers to sell the team.
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Los Angeles Clippers owner Steve Ballmer is buying the Forum for $400 million, ending the billionaire’s legal fight with the Madison Square Garden Company and clearing the way to build a new arena for his NBA team down the street in Inglewood, California. Ballmer, the former Microsoft executive, and Clippers vice chairman Dennis Wong are making the transaction through CAPSS LLC, a newly formed entity that will continue to operate the Forum as a live music venue. ”This is an unprecedented time, but we believe in our collective future,” Ballmer said.
We assess the latest NBA deals with team-by-team analysis, including the Karl-Anthony Towns extension, Dwyane Wade’s return to Miami and Rodney Hood’s taking his qualifying offer.
The Grizzlies will next face the loser of the Warriors-Lakers game for the eighth seed in the playoffs.
