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James Dolan - 2 Ted Leonsis - 1 Glenn Youngkin - 1 Win Mcnamee - 1 Leonsis - 1 we'll - 1 aren't - 1 I'm - 1
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☆ With Washington Capitals, Wizards move to Virginia, owner Ted Leonsis pursues his vision of a $10 billion sports empire around Washington, D.C.
  + stars: | 2023-12-14 | by ( Ian Thomas | ) www.cnbc.com   time to read: +8 min
Glenn Youngkin (L) looks on during the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, on December 13, 2023 Virginia. Win Mcnamee | Getty Images News | Getty ImagesTed Leonsis, the owner of the NBA's Washington Wizards and the NHL's Washington Capitals, has a grand vision for growing a regional sports empire. Glenn Youngkin announced that the Capitals and Wizards have agreed to move to a new arena in Alexandria, Virginia, as part of a $2 billion entertainment complex in 2028. How will they compete with big market teams? "We could have a billion-and-a-half-dollar revenue run rate and a $10 billion to $15 billion trend of valuation," Leonsis said.
Persons: Ted Leonsis, Glenn Youngkin, Win Mcnamee, Leonsis, we'll, aren't, I'm, it's, It's, David Rubenstein, David Blitzer, Blackstone, James Dolan, Stan Kroenke, Kroenke, I've Organizations: Monumental Sports, Entertainment, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Washington Wizards, NHL's Washington Capitals, CNBC, Summit, Washington , D.C, AOL, Capitals, Wizards, Washington Mystics, Capital, D.C, Sports, Mystics, NHL, Baltimore Orioles, Washington Nationals, MLB, Carlyle Group, Bloomberg, Orioles, Red Sox, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, Premier League's Liverpool, Philadelphia 76ers, New, New Jersey Devils, Washington, Cleveland Guardians, MSG, Sphere Entertainment, Madison Square Garden Entertainment, New York Knicks, Rangers, MSG Networks, Atlanta Braves Holdings, Liberty Media, Sports & Entertainment, Nuggets, Avalanche, Los Angeles Rams, Premier League's Arsenal FC, Qatar Investment Authority, MSG Sports, NHL's Rangers, NBA's Knicks, Phoenix Suns, NBA, Ottawa Senators, Braves Locations: Virginia, Alexandria , Virginia, Washington ,, Washington, London, Richmond, Delaware, New Jersey, Real Salt Lake, Denver, MLS's Rapids, Colorado, Monumental
☆ Knicks sign jersey patch deal with owner James Dolan's Sphere Entertainment
  + stars: | 2023-10-24 | by ( Jessica Golden | ) www.cnbc.com   time to read: +3 min
The National Basketball Association's New York Knicks are keeping it in the family for their next jersey patch sponsor. Madison Square Garden Sports announced Tuesday that Sphere Entertainment will become the NBA team's official jersey patch partner for the 2023-24 season. Terms of the jersey patch deal were not disclosed. The NBA's jersey patch sponsor program kicked off during the 2017-18 season and has been an important source of revenue for many clubs. Dolan reportedly was shopping around the jersey patch rights for $30 million, according to SBJ.
Persons: James Dolan, David Hopkinson, Micky Arison, Squarespace, Andrew Lustgarten, Dolan, SBJ, Patrick Rishe, Louis, Bob Dorfman Organizations: Association's New York Knicks, Madison, Garden Sports, NBA, Knicks, Boston Celtics, Garden, MSG Sports, Golden State Warriors, Brooklyn Nets, Los Angeles Lakers, Miami Heat, Carnival Cruise, Sports Business, Washington University, Pinnacle Advertising, CNBC Locations: Madison, Las Vegas, St
☆ New York Knicks sue Toronto Raptors for stealing scouting reports, trade secrets
  + stars: | 2023-08-21 | by ( Blake Brittain | Thomson Reuters | Blake Brittain Reports On Intellectual Property Law | ) www.reuters.com   time to read: +2 min
People walk outside Madison Square Garden before a Knicks game amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., February 23, 2021. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsAug 21 (Reuters) - The National Basketball Association's New York Knicks sued rivals the Toronto Raptors in Manhattan on Monday, accusing the Raptors' new coaching staff of hiring a "mole" who gave the team their scouting reports and other confidential material. The Raptors hired Darko Rajakovic, previously an assistant coach with the NBA's Memphis Grizzlies, as their head coach in June. "Apparently, given his non-traditional path to his head coaching job, Defendant Rajakovic did not have his own, so he chose to exploit the Knicks' methods," it said. The Knicks requested an unspecified amount of damages and asked the court to permanently block the Raptors and Azotam from misusing their trade secrets.
Persons: Eduardo Munoz, Ikechukwu Azotam, Darko Rajakovic, Defendant Rajakovic, Rajakovic, Azotam, Blake Brittain, Alexia Garamfalvi, Rosalba O'Brien Organizations: Knicks, REUTERS, Association's New York Knicks, Toronto Raptors, Raptors, Representatives, MSG Sports, NBA's Memphis Grizzlies, NBA, Thomson Locations: Madison, Manhattan, New York City , New York, U.S, Washington
☆ MSG Networks to launch streaming service for Knicks, Rangers games
  + stars: | 2023-03-01 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
MSG Networks, James Dolan's cable-TV channels that feature local New York and New Jersey professional sports games, is launching its own streaming service. MSG Networks also said it recently launched a free, ad-supported streaming TV, or FAST, channel called MSG SportsZone, which is available nationally on Vizio televisions and the Plex streaming platform. The FAST channel features MSG Networks' programming centered around sports betting and classic games. MSG+ will only be available in the region that already carries its MSG Networks on cable-TV. MSG Networks' new streaming service will also allow fans to purchase single game streaming feeds for $9.99 per game.
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