New York Knicks' owner James Dolan confirmed on Wednesday that he and his wife, Kristin Dolan, split amicably before the first of the year.

Kristin was promoted in November 2011 to Cablevision’s senior executive vice president of product management and marketing where she took a more prominent role at the company.

The couple were married in 2002.

“We have been in a trial separation since the holidays," said the couple in a statement. "It is completely amicable and we ask that people respect our privacy at this time.”