Trian said Disney has suffered from self-inflicted wounds and could benefit from outside advice and direction.

Trian had said that meetings it sought with executives to discuss were too little, too late.

And if MSG Sports is his training ground, it has not been a good one, Disney said.

Bob Iger Nelson Peltz

Bob Iger and Nelson PeltzGetty Images/Courtesy

Peltz has known MSG owner James Dolan for years and holds a stake in the company.

WGA West building in Hollywood