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I am not selling the Knicks, insists Dolan

The owner of the New York Knicks, James Dolan, claimed he will not part with the NBA team for any price, just days after he publicly confronted a fan at Madison Square Garden for telling him to sell up.

“For the record, I am not selling the team, and I am not quitting,” Dolan said in a radio interview.

When asked if he would sell if he were offered $6bn (€5.3bn) – far above the Forbes valuation of $3.6bn – he added: “No, we are not selling the team.”

Dolan’s latest statement contradicts one he gave to ESPN in December, when he indicated he would sell the Knicks if the right bid came along, adding that he has received “feelers” of offers upward of $5bn but “no one has come through with a bonafide offer”.

“I could never say that I wouldn’t consider selling the Knicks,” Dolan said. “As the head of the public company, you can’t say you can’t sell because then you’re telling your shareholders that your own personal feelings about your assets are more important than their money.”

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