Madison Square Garden Investors Keep Paying and Praying

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Madison Square Garden Investors Keep Paying and Praying

by TheStreet.com Videos 1:27 mins

Madison Square Garden Investors Keep Paying and Praying

by TheStreet.com Videos 1:27 mins

Basketball fans at the world's most famous arena have had little to cheer about this year, with Carmelo Anthony and his Knicks teammates struggling through a terrible year. But two events off the court could give shareholders of the Garden's owner a reason to stay in the game: coaching legend Phil Jackson might take over basketball operations, and the company is in line for a cash infusion if P. Diddy follows through and buys the struggling Fuse music TV channel.

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