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With Madison Square Garden Co. looking to separate its sports business, including the Knicks, from its concert and entertainment business, excitement started to build over the prospect of this being an early sign that James Dolan is looking to sell the Knicks.

Madison Square Garden quickly released a statement saying “there are no plans to sell the Knicks or the Rangers.” And it appears the business move is to create capital for new arena projects in other parts of the world.