According to Jim Cramer from TheStreet.com, CableVision which owns the Knicks, run by the Dolans, is one of the worst-managed companies in the U.S. Is it any wonder that the Knicks got so screwed-up.

http://www.thestreet.com/story/10614801/1/the-worst-run-companies-of-2009.html

Cablevision(CVC Quote): The Dolan family has managed to destroy shareholder value while increasing its own wealth for many years. Cablevision is saddled with debt and has negative book value, yet the company has managed to collect a series of prime properties. The New York Knicks, a Cablevision asset, are a long-term laughingstock of the NBA and will have to sign Lebron James to save the franchise. But Cablevision has managed to endure a global debt crisis and deep recession, so while the company is poorly managed, it appears to be a survivor.