Originally Posted by jetfaninkorea
Does anyone know what percentage of their assets that the knicks account for?
I am trying to figure out how much of what the Knicks do would effect the stock price.
Forbes valued the Knicks at ~$580mm, about 40% of the current market cap of MSG.
Please, please, please do not invest in this stock based on your forecast for the Knicks.
MSG is currently what is called a "hedge fund hotel", meaning that every wiseguy hedge fund manager/sports fan owns the stock. They will bail on the stock en masse for any number of reasons, not the least of which would be them not signing Lebron.