NEW YORK (CBSNewYork) — Madison Sq. Backyard has put the New York Liberty up on the market.
In a press release Tuesday, MSG Chairman and CEO James Dolan introduced he’s actively looking for a brand new proprietor to take over fast operations of the group, one of many league’s eight founding franchises. Dolan is the one unique proprietor nonetheless concerned within the WNBA, which started play in 1997.
“We’ve got been a robust and vocal advocate for the Liberty and the WNBA because the starting,” Dolan stated. “Because the final unique proprietor, I’m pleased with how far the league has come, and the position we have now performed in its progress. This was a troublesome determination for us, which we made after rigorously assessing the wants of our enterprise. We’re assured that new possession can construct on the inspiration we established over these final 21 years, and steward this unimaginable franchise into an much more profitable future.”
The Liberty have reached the playoffs in 15 of their 21 seasons however have by no means gained a WNBA championship. They performed in 4 of the primary six WNBA Finals however haven’t been again since 2002.
In his assertion, Dolan made his case for why the brand new proprietor ought to hold the workforce in New York.
“Over its historical past, the staff has showcased a number of the league’s largest stars, who displayed athleticism, professionalism and a dedication to the group that has gained legions of loyal followers,’’ Dolan stated. “And with a house that can also be the world’s largest media market, it’s anticipated that new possession will understand the advantages of getting the workforce stay in New York.”
Since NBA Corridor of Famer and former Knicks president and coach Isiah Thomas took over as workforce president in 2015, the Liberty have certified for the postseason and gained the Japanese Convention all three years.
“I want to thank Isiah, and the Liberty gamers and training employees, who’ve made nice progress in strengthening and rising the franchise,’’ Dolan stated. “Beneath Isiah’s management, the staff has broadened its roster of prime sponsors, elevated its passionate fanbase, and developed a strong workforce constructed for lengthy-time period competitiveness. The Liberty now presents an incredible alternative for a brand new proprietor to deliver new assets, creativity and focus to make sure the staff turns into an everlasting success.”