There may be no “I” in team, but ther are certainly many billions. Madison Square Garden Sports($MSGS) closed Thursday at $407.17, giving the company an equity value of roughly $9.8 billion. That is a lot of money for almost anything. It is apparently not a lot of money for the reigning NBA champion New York Knicks and the… Read More »
The Yankees eliminated the Red Sox from the baseball playoffs Wednesday night with a 9-2 victory and a two-game Wild Card Series sweep. Later this month, investors will get separate public-market prices for two more major New York sports franchises. Madison Square Garden Sports ($MSGS) has approved the spinoff of its New York Rangers business from the New… Read More »
On the heels of their Knicks finally winning it all, the Dolans are spinning again. Sixteen years after Cablevision sent Madison Square Garden out on its own, the collection of sports, media and entertainment assets once housed inside the cable company has been divided, recombined and divided again into an increasingly elaborate family tree of public companies. Now… Read More »
It’s been a little over 10 months since the last Odds & Ends so the time is right to bring this fan favorite back. 1. Yet Another Value Blog recently posted a lengthy, in depth series analyzing the media industry. The most recent edition – another great read – is focused on sports rights and sports investing. The… Read More »