Tim Leiweke: MSG-Azoff Deal Will Not Affect Belmont Arena Plans
Oak View Group CEO Tim Leiweke said that "nothing has really changed" regarding plans for the Belmont arena project after Azoff MSG Entertainment, an investor in OVG, bought out MSG's stake in that venture, according to Jim Baumbach of NEWSDAY. Leiweke said, "This was always an an OVG project and always something that I was personally going to drive with my relationship with (Islanders co-Owner) Scott Malkin." MSG on Monday said that it is selling its stake in Azoff MSG Entertainment to Irving Azoff for $125M. Leiweke said that deal is "'separate and bigger' than what’s happening at Belmont" (NEWSDAY, 10/11).