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March 07, 2005
Jets to buy out Cablevision's teams?
There's a very weird report, originating in today's Crain's New York, that Cablevision's board might vote to sell off the New York Knicks and Rangers and Madison Square Garden, in which case one prospective buyer could be - the New York Jets. Presumably the Jets would then move the two teams into their proposed Manhattan football stadium, though the history of basketball and hockey teams in 70,000-seat stadiums is not a happy one, and it would make it awful tricky to schedule all those conferences the stadium is supposed to be hosting. It's more likely that this is a tit-for-tat play for Cablevision's bid for the Jets' proposed stadium site; still, it's something I'll be keeping an eye on.
If Woody the Fourth buys the Garden, Knicks and Rangers, wouldn't he be tipping his hand, i.e. we're not so poor off after all and just might have enough to build the stadium in our own coffers? I imagine Bloomberg and Pataki would turn a blind eye to this, but would Bruno and Silver?
Posted by Mike Hodson on March 8, 2005 08:59 AM