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Could LBJ be an Owner of the Knicks?

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SupremeCommander
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5/19/2010 6:47 AM

The New York Knicks Will Get LeBron James
May 18, 2010 - 12:47 pm

Michael K. OzanianBio | Email
Michael Ozanian is National Editor at Forbes
A year ago I wrote that the sale of 15% of the Cleveland Cavaliers and operating rights to Quicken Loans Arena to Chinese investors meant LeBron James would bolt Cleveland when he became a free agent. Now I am telling you next season LeBron will be playing for the New York Knicks because this January they became the only franchise that can use their stock as currency.
They cannot pay James with MSG stock because it would violate the league's collective bargaining agreement. But there is nothing to stop James from buying shares of MSG with his money. This would allow James to in essence work for himself and capture the upside in revenue from higher ratings on the MSG RSN, a soon-to-be renovated Madison Square Garden and much higher profits he will bring to these platforms.

http://blogs.forbes.com/sportsmoney/2010/05/the-new-york-knicks-will-get-lebron-james/

DLeethal wrote: Lol Rick needs a safe space

AUTOADVERT

Pharzeone
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5/19/2010 7:57 AM

http://www.ultimateknicks.com/forum/topic.asp?t=34942&page=3

I don't like to play bad rookies , I like to play good rookies - Mike D'Antoni

Nalod
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USA

5/19/2010 8:00 AM

I talked about this a few months back when they went public. A scenario would be like when Jordan endorsed a company it tended to do well.

When Lebron decides to opt out of Knick deal he can sell his shares or sell short. If he owns more than 5% of the company he has to register as a controlling owner which means he can't jerk around.

But yeah, his presence on the knicks and MSG could have big upside. Also MSG could sell its game rights over seas.

SupremeCommander
Posts: 34064
Alba Posts: 35
Joined: 4/28/2006
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5/19/2010 8:55 AM

Pharzeone wrote:http://www.ultimateknicks.com/forum/topic.asp?t=34942&page=3

missed it... sorry, feel free to lock it down

DLeethal wrote: Lol Rick needs a safe space

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Could LBJ be an Owner of the Knicks?

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