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RARE ALERT: Madison Square Garden said to be working with advisers on strategic options

Madison Square Garden, the owner of some of America's most famous sports teams, is said to be working with investment bankers on potential strategic options, which may eventually lead to a sale of the controversial company.

According to people claiming to be familiar with the matter, Madison Square Garden has been sounding out bankers from JP Morgan and advisers from boutique firm Liontree about its potential "strategic options"...