The Citiblog
Is Tao Group Up for Sale?
January 4, 2023, 7:47.44 pm ET
Photo: Justin Levy
Is the Tao nightclub and restaurant empire about to be sold? In an exclusive report, the New York Post is quoting sources as saying Billionaire James Dolan is quietly moving to auction the Tao assets to the highest bidder. The Post claims Madison Square Garden Entertainment has hired Goldman Sachs to explore the sale of Tao Group. Golden Nugget Casino owner Tilman Fertitta is reported to be a rumored suitor. The Post claims MSG is in need of cash to absorb ballooning costs from the MSG Sphere, a state-of-the-art entertainment venue being built by Dolan in Las Vegas.
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