James Dolan confirms New York Knicks are not for sale to Elon Musk
Yahoo Sports • 1 min read • Latest: Jun 18, 2026, 4:52 AM
Last updated Jun 18, 2026
James Dolan, owner of the New York Knicks, stated the team is not for sale, rejecting Elon Musk's potential interest in purchasing the franchise. Following the Knicks' recent success with a championship victory, Dolan emphasized the rising value of the team, estimated now between $9 billion and $10 billion. He noted the lack of incentive to sell, especially after a title run that has revitalized the team's brand and fan engagement. Dolan's remarks reflect a shift in the narrative around team ownership, particularly in light of the Knicks' performance and valuation.
- •Dolan confirms Knicks are not for sale despite Musk's wealth.
- •Knicks' valuation rises to approximately $9-$10 billion.
- •Team won the 2026 NBA Finals, ending a 53-year title drought.
- •Dolan highlights team's successful recent performance as reason to retain ownership.
- •Franchise brand and fan engagement significantly increase post-championship.
- 4:52 AMYahoo Sports — $1.3T worth Elon Musk’s hopes of purchasing the New York Knicks receive verdict from James Dolan
"Elon Musk might have the kind of fortune that makes almost any sports ownership dream sound possible, but James Dolan has made it clear the New York Knicks are not for sale. The idea of Musk buying the Knicks has gained attention because of the scale of his wealth and the profile of the franchise.
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