The New York Liberty are being sold by the Madison Square Garden Company, James Dolan announced in a statement:
“We have been a strong and vocal advocate for the Liberty and the WNBA since the beginning. As the last original owner, I am proud of how far the league has come, and the role we have played in its growth,” said Jim Dolan, executive chairman and chief executive officer of The Madison Square Garden Company. “This was a difficult decision for us, which we made after carefully assessing the needs of our business. We are confident that new ownership can build on the foundation we established over these last 21 years, and steward this incredible franchise into an even more successful future.”
More details to come.