Analysis: New York Knicks worth a cool $3B

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.

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Comments (2)
  • rambler1
    , contributor
    Comments (1020) | Send Message
    I'd slap a For Sale sign on it at that price.
    6 Jun 2014, 01:15 PM Reply Like
  • Chris Katje
    , contributor
    Comments (300) | Send Message
    Wait ten years when they need to build a new arena.
    6 Jun 2014, 01:33 PM Reply Like
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