The Knicks are valued at $4 billion. If James Dolan wants to sell the team, the high price could actually become a logistical problem for interested buyers.
The Madison Square Garden Company denied rumors of a sale following O'Connor's interview and Simmons' report.
Lowe said the type of people who could be in the running to buy the Knicks might not want to pursue the avenues of financing it. Lowe said that it might take a situation like in 2014 when Steve Ballmer bought the Los Angeles Clippers outright for $2 billion. There aren't as many people who could lay out $4 billion out of pocket.
Begley called being a 1% owner of the Knicks a"vanity" move — it's symbolic of wealth, but may not come with many perks.
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