James Dolan is getting some much-needed help around him.
With the ongoing split of the Madison Square Garden Company into an entertainment company and a sports company, Andrew Lustgarten will be promoted to president and CEO of the business end of MSG’s sports firm, it was announced on Friday morning.
Dolan, whose been in the headlines again for his feud with Knicks superfan Spike Lee, will still be chairman of the umbrella MSG company. But Lustgarten’s rise to a bigger role is indicative of him having a stronger voice within the Knicks, Rangers and their other sports operations.
“We look forward to the pending separation of our sports and entertainment businesses, which will better enable the two companies to pursue their own unique strategies, while providing our shareholders with the ability to more clearly assess the value of each company,” Dolan stated.
“Over the last six years, Andy has helped guide MSG through an unprecedented period of change. I am confident that his considerable experience in developing strategic relationships and new opportunities will quickly help position the new sports company as one of the world’s leading sports organizations.”
Lustgarten, a Penn graduate who has worked in the NBA offices, will set the Garden sports’ business strategy and oversee business operations for the Knicks, Rangers, Westchester Knicks, Hartford Wolf Pack, Counter Logic Gaming and Knicks Gaming. The team operations for the Knicks and Rangers will continue to be overseen, however, by Dolan, but will have Lustgarten to lean on.
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