The billionaire family that owns majority stakes in the New York Knicks, New York Rangers and the teams' arena, Madison Square Garden, has never been shy about controlling access to the venues in its empire. Just ask one-time Knicks superstar Charles Oakley, who was famously banned from MSG for about a year after he was ejected from a Knicks game in 2017.
have denied any breach of duty to shareholders, citing approval of the merger by a special board committee.
But based on the email statement I received from an MSG spokesperson, all of the firms suing MSG in Delaware Chancery Court — or anywhere else, for that matter — should expect to be cordially disinvited from MSG arenas and theaters. If MSG was hoping that the ban would incentivize shareholder lawyers to settle, it’s going to be frustrated by the reaction from Block & Leviton’s Joel Fleming. He told me by email that he’s never received a letter remotely like the MSG missive announcing the new ban — but that being excluded from New York venues is not much of a deterrent for a firm that originated in Boston.
“Everyone in my firm is a fan of either Philly or San Francisco teams, so I doubt anyone will care about being banned from Madison Square Garden,” said Zagar.
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