JPMorgan restructures MSGN's debt, slashing it to $210M. Knicks owner James Dolan reduces rights fees, paving the way for a potential sale of MSGN after the debt restructuring. Knicks and Rangers fees decreased.
MSG Networks nears JPMorgan restructuring to avoid bankruptcy, potentially paving way for a merger with YES Network. Dolan may sell MSGN after debt reduction. Sports app access options available.
They claimed that a 2014 deed of trust approved by the governor was defective because JPMorgan didn’t obtain consent from the Greenbrier Hotel Corp.’s directors or owners, and that auctioning the property violates the company’s obligation to act in “good faith and deal fairly” with the corporation.
