Hello, Governor(s)

EPISODE 222: The Expiring Assets.

You may recall our investigation, from last May, into How the Billion-Dollar Civil War to Own the Timberwolves Went Nuclear.

Well, longtime owner Glen Taylor — a character we profile, at length, in that episode — finally (finally!) agreed to sign over his most prized possession on Tuesday, to Marc Lore and Alex Rodriguez. An outcome PTFO listeners should not at all be surprised by, given our reporting.

And so this week’s Sporting Class will begin with a bit of fresh intel into why Glen Taylor surrendered, at last, after years of attempting to undo his decision to sell the Wolves for what is now, clearly, the bargain-basement price of $1.5 billion.

From there we move to another step transaction in the NBA: the sale of the Boston Celtics, for $6.1 billion, the most anyone’s ever paid for an American sports team. And how new private-equity rules are stalling that transfer of power.

Then our discussion culminates in a look at the governor of the team that might well go for $10 billion, if it’s ever put up for sale: the New York Knicks. And what Jim Dolan — or, to be more specific, his emissary — has been doing, behind closed doors, at these owners meetings.

And, more importantly, why.

YOUTUBE SPOILER ALERT:

Ello,

Pablo