I think an owner needs to be present. When an owner is not present that's when things tend to go awry.
I love the Knicks and Rangers, right, but you still have a responsibility to your shareholders. They're not there because they're fans. You don't invest hundreds of millions of dollars in a stock because you're a fan. You do it because you think that the business is going to increase in value, that the stock price is going to go up.
I can tell you that nobody in my family wants to sell the Knicks and Rangers. As a majority owner, I don't want to sell, either.
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. And they won't invest with you if you do that.
John Davidson is one of the premier executives in the National Hockey League. As we continue to build a team that can consistently compete for the Stanley Cup, John's knowledge of the game and his experience and passion for the Rangers logo make him the ideal choice to oversee our Hockey Operations department.
Since Charles Dolan founded Cablevision in 1973, the Dolan family has been honored to help shepherd our customers and employees through the most extraordinary communications revolution in modern history.
