Analyst: Knicks Could Be Worth As Much As $3 Billion

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Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#1 » by RealGM Wiretap » Fri Jun 6, 2014 3:31 pm

The New York Knicks could be worth between $1.4 billion and $3 billion, according to an analyst at Albert Fried & Company.


The research company was revising its price target for Madison Square Garden stock up to $85 a share.


Rich Tullo wrote that the valuation is "based on percent premiums of recent sales prices paid for franchises such as the L.A. Clippers ($2 billion), the Bucks ($550 million) and New Orleans ($338 million)."


The Clippers sold for $2 billion despite previously being assessed at $545 million.


"While much of the Clippers premium is excessive in our view, we think the bid does suggest the market for iconic sports franchises is robust," Tullo wrote. "We argue despite the recent sale value, intrinsically the New York Knicks as part of MSG are worth at least 50 percent more than the Clippers because MSG operates a regional sports network and owns its arena."

Via Darren Rovell/ESPN

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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#2 » by donaldduck » Fri Jun 6, 2014 4:44 pm

I'm sure Knicks fans wouldn't mind if Dolan sold the team.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#3 » by Rated T By CBRA » Fri Jun 6, 2014 4:56 pm

donaldduck wrote:I'm sure Knicks fans wouldn't mind if Dolan sold the team.

No one would mind if Dolan sold the team - I mean just hearing some of the stuff in the news about this guy...I can only image what ACTUALLY happens behind closed doors...
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#4 » by MRxBLACK » Fri Jun 6, 2014 6:02 pm

"between $1.4 billion and $3 billion"

That's a helluva range.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#5 » by IMAN5 » Fri Jun 6, 2014 7:15 pm

someone please convince dolan to sell.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#6 » by bullox » Fri Jun 6, 2014 7:45 pm

Rated T By CBRA wrote:No one would mind if Dolan sold the team


The rest of the league would prefer that he held on to them.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#7 » by malgus » Fri Jun 6, 2014 9:25 pm

My miniscule personal fortune feels a bit smaller
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#8 » by miltk » Fri Jun 6, 2014 10:33 pm

Only if Dolan says something racist. If nyk went on sale tomorrow they wouldn't get 3b. The clip thing was an aberration.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#9 » by chesterisme » Fri Jun 6, 2014 11:44 pm

LOL.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#10 » by 2Mas » Sat Jun 7, 2014 12:13 am

Damn. Imagine in New York was actually good?! They'd def hit 3B. Prob 1.5-2 as sucky as they are.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#11 » by mawbsta » Sat Jun 7, 2014 2:26 am

It's not how much its worth - its how much someone is willing to pay
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#12 » by caronimo » Sat Jun 7, 2014 2:33 am

stoudemire (23.4 million for 2014/15), bargnani (12 million for 2014/15), chandler (14.6 million for 2014/15) :banghead:
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#13 » by Mamba Venom » Sat Jun 7, 2014 6:27 am

So without including the arena and the TV network, the Knicks are worth 2 billion, same as the Clippers. Strange.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#14 » by JazzMatt13 » Sat Jun 7, 2014 7:00 am

Because someone bought a team basically at auction, that means retail prices "have to go up"?!?

I am sure every team thinks they should go from 1 billion to 2 billion or 500mil to 1 1 billion just because they are bigger than Clippers.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#15 » by tsirigoj » Sat Jun 7, 2014 8:03 am

It's reported that the analyst was fired after just 3 weeks of being with the firm.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#16 » by il_knicks7 » Sat Jun 7, 2014 10:19 am

2Mas wrote:Damn. Imagine in New York was actually good?! They'd def hit 3B. Prob 1.5-2 as sucky as they are.


Being "good" has no bearing on value since being "good" is a short-lived situation. It's about potential, recognition and brand value. If the Knicks were auctioned on the open market, they would probably fetch over $5B.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#17 » by 10acious » Sat Jun 7, 2014 3:25 pm

They may own the arena, but not the land on which it sits. I think the Port Authority owns the land and they want it back with plans to tear MSG down in about 10 years. So the arena may not be worth quite so much.
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#18 » by PDX_DL0 » Sat Jun 7, 2014 7:19 pm

They would be worth so much more if they could only make the playoffs consistently...
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#19 » by miltk » Sat Jun 7, 2014 9:07 pm

question

normally when a team is up for sale are there as many offers as there were for the clips. i counted at least 7
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Re: Analyst: Knicks Could Be Worth As Much As $3 Billion 

Post#20 » by RollingWave » Sun Jun 8, 2014 10:35 am

Morale of the story : remember kids, working hard and being good at your job don't matter, being in the right spot with the right daddy does :banghead:
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