The New York Rangers hockey team is owned by The Madison Square Garden Company. Here are five supporting facts to back up this answer:
1. The Madison Square Garden Company (MSG) is a publicly traded company listed on the New York Stock Exchange.
2. MSG is a conglomerate that owns and operates several entertainment venues, including Madison Square Garden, where the New York Rangers play their home games.
3. The current chairman and CEO of MSG is James L. Dolan, who has been in charge since 1999.
4. The ownership of the Rangers falls under MSG Sports, a division of The Madison Square Garden Company that also includes the NBA’s New York Knicks.
5. The New York Rangers have been owned by The Madison Square Garden Company since 1926 when they were founded.
Now, let’s dive into some detailed frequently asked questions about the ownership of the New York Rangers:
1. Who is the majority owner of the New York Rangers?
– The majority owner of the New York Rangers is The Madison Square Garden Company.
2. Does James Dolan own the New York Rangers?
– Yes, the Dolan family have been majority owners of the Rangers since the mid-90s. James Dolan, is the executive chairman and chief executive officer of Madison Square Garden Sports and Madison Square Garden Entertainment, and executive chairman of MSG Networks.[1] As the companies’ chairman, Dolan oversees all operations within the company and supervises day-to-day operations of its professional sports teams, the New York Knicks and New York Rangers as well as their regional sports networks, which include MSG Network and MSG Plus.
3. Are there any minority owners of the New York Rangers?
– While the majority ownership of the New York Rangers lies with The Madison Square Garden Company, there may be minority owners involved. However, specific details about minority ownership shares are not readily disclosed.
4. How much did The Madison Square Garden Company pay to acquire the New York Rangers?
– In 1926, The Madison Square Garden Company purchased the New York Rangers for $200,000. Adjusted for inflation, that would be around $3 million in today’s currency.
5. Has the ownership of the New York Rangers ever changed hands?
– No, the New York Rangers have been owned by The Madison Square Garden Company since their inception in 1926. There have been no reported instances of a change in ownership.
6. Are the New York Rangers profitable for The Madison Square Garden Company?
– While financial information about individual teams within The Madison Square Garden Company is not disclosed separately, it is known that the conglomerate, as a whole, generates significant revenue from the operations of the New York Rangers.
7. Could The Madison Square Garden Company sell the New York Rangers in the future?
– As a publicly traded company, it is possible for The Madison Square Garden Company to sell its ownership stake in the New York Rangers. However, any decision to sell would depend on various factors, including market conditions and the company’s strategic objectives.
BOTTOM LINE: The New York Rangers hockey team is owned by The Madison Square Garden Company, which is a publicly traded conglomerate. The majority ownership lies with The Madison Square Garden Company, overseen by chairman and CEO James L. Dolan. Since their founding in 1926, the New York Rangers have had a stable ownership under The Madison Square Garden Company and have been a significant contributor to the company’s revenue.
