$1.3T worth Elon Musk’s hopes of purchasing the New York Knicks receive verdict from James Dolan

Photo by Andrew Harnik/Getty ImagesElon Musk might have the kind of fortune that makes almost any sports ownership dream sound possible, but James Dolan has made it clear the New York Knicks are not for sale.

>The idea of Musk buying the Knicks has gained attention because of the scale of his wealth and the profile of the franchise.

>But after New York’s title run, Dolan’s position is simple: there is no obvious reason to sell a team that has only become more valuable. That message arrived with the Knicks at the strongest point of his ownership era.

Photo by Gregory Shamus/Getty ImagesJames Dolan shuts down Elon Musk’s Knicks interestDolan addressed the possibility of selling the Knicks to Musk in comments shared by NBA Base on X, and his answer did not leave much room for speculation.

>“No, I don’t think we’re going to sell the team. We’ve been at this for a long time and I’m gonna enjoy this team,” Dolan said.

>He added, “The stock of the team has gone up dramatically in the last year and there’s really no reason for us to consider [selling the Knicks to Elon Musk].”

>The verdict matters because Musk’s net worth has been reported as around $1.3 trillion, giving him a level of buying power few people in the world could match.

>Even then, Dolan’s answer made clear that the issue is not whether a buyer could afford the Knicks. For Dolan, the timing points in the opposite direction.

>The Knicks have just delivered the kind of success that dramatically strengthens the franchise’s brand, fan energy and business value.

New York Knicks valuation rises after Jalen Brunson’s NBA Finals runThe Knicks were already one of the NBA’s most valuable franchises, but their latest estimates are now in the high-$9 billion to $10 billion range after a championship season that ended a 53-year drought.

>New York beat the San Antonio Spurs 4-1 in the 2026 NBA Finals, clinching the title with a 94-90 Game 5 win. Jalen Brunson led the moment with 45 points in the clincher, sealing the Knicks’ first championship since 1973 and turning Madison Square Garden into the center of the NBA again.

>That kind of run changes the ownership conversation. A franchise in New York with a fresh championship, rising media value, and a rejuvenated fanbase becomes the type of asset owners usually hold rather than sell.

>Dolan has faced years of criticism from Knicks fans, but the title has shifted the tone around his stewardship. The team is winning, the valuation is climbing, and the franchise is sitting at its most commercially powerful point in decades.

>Musk may have the money to create a headline. Dolan’s response says the Knicks’ current success has made the idea of selling feel unnecessary.

>Read more:

What former NFL star ‘can’t wait’ to see James Dolan do for Donald Trump after Knicks’ NBA title run • >James Dolan made wild ‘sacrifice’ request to Knicks players before NBA championship run • >James Dolan says ‘sorry’ to New York Knicks fans after winning NBA Championship