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The executive chairman of Madison Square Garden Sports Corp. is transferring daily ownership duties for one team to his son. The 32-year-old assumes the titles of president, chief operating officer and alternate governor.
New York PostMadison Square Garden Sports Corp. is shifting day-to-day ownership responsibilities for one of its teams from its executive chairman and chief executive to his son. The 32-year-old will hold the titles of president, chief operating officer and alternate governor. The team's president and general manager will now report to the son rather than the father.
Background on the transition The change marks the first time in 27 years that the executive chairman has reduced his involvement with one of the two teams under his control. The move begins a planned process of passing responsibilities to his children.
The son previously served as senior vice president of player performance and science for both teams and held earlier roles including vice president and investment director. He earned a bachelor's degree in sports and events management from NYU.
Statements from the incoming executive "I think it's something I've been building towards, and I'll be working my hardest and probably proving to myself for a while that I'm ready," the son said in an interview. "For me, the ultimate goal is winning a championship.
It's been a goal of mine to really continue my family's legacy," he added. The son said he plans to apply the same work ethic he observed from his father while taking a broader operational role. The team's hockey operations decisions remain unchanged under the new structure.
The organization is coming off two seasons without playoff appearances and has operated under a restructuring plan announced in January.
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