View Single Post
Old
10-29-2012, 02:46 PM
  #520
kdb209
Global Moderator
 
kdb209's Avatar
 
Join Date: Jan 2005
Posts: 12,694
vCash: 500
Quote:
Originally Posted by CREW99AW View Post
Surprising to read such an uninformed statement, coming from a Devils fan.
Dolan did not gift the NYI with anything. Just like NJ's big cable contract from Dolan is not some sort of gift.

http://www.examiner.com/article/hock...ss-not-a-sport
What
Toronto writers don't understand is just how much Dolan, who now owns the New York Rangers, needs the Islanders and how much Islanders owner Charles Wang needs Dolan's money. Dolan has two valuable assets that other cable competitors don't have on
Long Island. The Islanders contract through 2031 and News12, a local news operation that covers Nassau and
Suffolk county news. The Islanders are definitely a loss leader for Dolan but in the overall scheme of things, Dolan can walk into any town, village or city on the
Island when it comes to renewing his cable systems licenses and say what does Time Warner have locally, what does Comcast have locally? The answer is nothing, he has the Islanders and he has News12. The properties virtually assure Dolan of the renewals in the lucrative multiple cable systems operator business.



Dolan has the same set up in
New Jersey, a long term contract with Jeffrey Vanderbeek's Devils hockey team and News12. Dolan is a smart guy, much smarter than the Toronto writers looking at moving the Islanders to
Toronto.
But you could argue that the dollars paid are a gift, significantly above market value, due to the renegotiation when Dolan merged FSNY into MSG - either Dolan overpaid or the Isles would have been due 18.5% of all MSG revenues under the terms of their old broadcast deal.

kdb209 is offline   Reply With Quote