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08-20-2008, 09:24 AM
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Originally Posted by Fletch View Post
it's not that easy though - they've been down the private route before and it didn't work. THe Board isn't going to led Dolan run away with a piece because if it's not the right price, they'd be sued. Their advisors would have to bring the idea to other parties to ensure the shareholders were getting the best deal.
I don't think it's that easy, either, but Dolan could put together a group, with him at the head, that had enough money to make it look legit. it all depends on how they value they various assets.

If they sell the cable business, TWC is the far away favorite to win that prize, and they have ZERO interest in owning anything other than more cable systems. Rainbow could go to TW or NBCU, two more companies that really don't want sports teams (especially since TW dumped their Atlanta teams). So now it comes down to getting SOMETHING for MSG and the teams. A $2-3B offer from a Dolan lead group would probably be enough to assuage the board and it wouldn't have to be a public deal.

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