It is unclear to why O'Neil, considering a rising star in the business, would abruptly step down after just three years as president. According to a source, O'Neil has been at odds with Garden Chairman James Dolan. Others insist that O'Neil has bigger aspirations than running the World's Most Famous Arena and could eventually be making a return to the NBA league office.
O'Neil played an active role with both the Knicks and Rangers and made a name for himself at MSG by securing corporate sponsorship deals with Chase, Anheuser-Busch, Coca-Cola and Delta Air Lines.
We complain about Slats but how many GMs can step in and deal with Dolan?
exactly. the job goes well beyond drafting and trading for good players. i think slats carries a lot of weight and does it pretty well.
also, it's pretty good for him that dolan doesn't know a puck from a canuck or a wakaluk.
O'Neil made a lot of money for the Garden. It doesn't impact the day to day operations of the Rangers. When they talk about Rangers being a high revenue team and revenue sharing,O'Neil helped the Rangers and Garden bring in more revenue. The new MSG will continue to bring in more revenue. The NHL wants to put a clause in the CBA regarding new buildings. The players benefit so a share of the cost should come out of the players share. A small %. Dolan didn't spend $977M to lose money.
OíNeil is calling his move a resignation, but according to sources, this could very well be Dolanís way of forcing out a personality the organization considers a potential leak ó an approachable businessman who does not instinctively fear and loathe the press.