Shares fall in Madison Square Garden Monday after news that the co-owner of NBA players have rejected the League’s latest offer, threatens to scuttle the season.
It’s not good for the Knicks, MSG has hosted the game in the NBA, Manhattan’s famed arena and operate cable TV networks.
SPARK: NBA players Union, said Monday that it had refused to accept the League’s latest contract and announced that players have started the process to dissolve the Union and filed an antitrust lawsuit against the League. NBA Commissioner David Stern responded by saying it looks like the 2011-12
THE BIG PICTURE: MSG operates business sports, media and entertainment. In addition have the Knicks, also controls a professional hockey team of Rangers and the WNBA New York Liberty and the hockey team Connecticut little league Whales.
NBA players and owners have been talking for two years but could not reach an agreement.