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Community Leader Proposes $290B Fund Buy of MSG Stake

1/22/2026

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Summary

Story summary

Adem Bunkeddeko, a community organizer and former congressional candidate, proposes New York use its $290 billion pension fund to buy up to 5% of Madison Square Garden Sports, owner of the Knicks and Rangers, potentially securing a board seat for the pension fund.
He says the teams are undervalued and New Yorkers could benefit.
The fund currently holds 7,991 shares of Madison Square Garden Sports, valued at about $2.25 million.

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Story summary

Adem Bunkeddeko, a community organizer and former congressional candidate, proposes New York use its $290 billion pension fund to buy up to 5% of Madison Square Garden Sports, owner of the Knicks and Rangers, potentially securing a board seat for the pension fund.
He says the teams are undervalued and New Yorkers could benefit.
The fund currently holds 7,991 shares of Madison Square Garden Sports, valued at about $2.25 million.