Analysis: New York Knicks worth a cool $3B

|By:, SA News Editor

The New York Knicks basketball team could be worth as much as $3B, according to an estimate from Albert Fried.

The bullish outlook was part of a research report on Knicks owner Madison Square Garden (MSG +1.3%).

Shares of Madison Square Garden are up 7.7% since Steve Ballmer ponied up $2B for the Los Angeles Clippers.