MSG Stock Price Watch

[lazard]

People forget that Jeremy Lin is not the only rags to fame guy that played for New York. There was once this guy in the 90s that actually played in meaningful playoff games and has his picture in front of MSG for dunking on same famous Chicago Bulls. However, there was no stock watch when that guy was traded away...

He wasn't traded when he was 24.

[cgmw]

lol

Lest we forget the real point of this thread and of watching MSG stock go down -- the lul'z.

[cgmw]

My question is, if his investors believe that his arrogance/incompetence cost them the potential benefits of Linsanity, is there any way that could cost him his job?

Dolan will be a billionaire til the day he dies.

One of the most passionate anti-lin faction points was - WE CANT PAY THAT 25 MILLION HE ISNT WORTH IT 1 MILLION PER GAME! ETC - continue rant and screaming in your head.

On to other news. MSG has lost 9% in value since July 3.

This isnt .5 or 1 % this is a steady gradual fall. Not a day to day bump and drop.

If it continues to drop at the same rate, it will erase all the gains made from Linsanity by the time next season begins.

Dolan will still be beyond rich. So bringing up whether it matters in the end for him is a waste of time. He was rich before Lin he will be rich after as well.

I don't care if Dolan is rich or not. I care whether or not it's possible for his public humiliation to cause the end of his tenure running MSG.

[lazard]

just in case anyone was wondering. MSG finished down .36 (1.01%) to finish the day at 35.45. Dow Jones finished up 103 pts (.82%)

[Kampuchea]

I've read all those articles. I realize MSG is going to continue to make money. Apparently I'm not making myself clear.

Hypothetically, the spectacle of Linsanity itself could continue in Houston. Lin could continue to make the cover of Time Magazine and be a global sports phenomenon. Ok? With me?

Will that cause MSG stock to plummet? Of course not. But will Jim Dolan look like the world's worst CEO (or whatever his title is)? I think maybe. Especially when you contrast his public image as an uneducated, washed out alcoholic/drug addict, who was handed everything to Jeremy Lin's image of this saint who worked his as$ off to do something nobody has ever done before?

I'm just saying, if I were a major investor and I saw Jeremy Lin making the Conference Finals or starting an All Star game, I'd be pretty pissed off that Dolan let him walk for essentially nothing.

Note: I'm not saying MSG won't be profitable. I'm saying MSG won't be AS profitable and Dolan will be a highly visible target for ridicule and anger. At the end of the day, he does actually have to answer to stockholders.

those are things that would enrage fans, not long term investors so much.

Most of the profits for the Knicks are locked in for the foreseeable future and the amount of money that could be generated by any single player is marginal. If the Knicks had more direct benefit due to Lin I could definitely see what you are saying come to fruition.

Besides the fact that Lin has minimal impact on the profitability of the Knicks is the fact that MSG has other revenue sources and the Knicks i have seen approximated as under 50% of those. The Rangers and other things also contribute.

I wouldnt mind Dolan being kicked out for somebody else with deep pockets that makes better decisions for our team, i just dont see it happening due to the performance of MSG and its projected increases.

[cgmw]

People forget that Jeremy Lin is not the only rags to fame guy that played for New York. There was once this guy in the 90s that actually played in meaningful playoff games and has his picture in front of MSG for dunking on same famous Chicago Bulls. However, there was no stock watch when that guy was traded away...

He wasn't traded when he was 24.

Patrick wasn't on the cover of Time Magazine and he certainly wasn't solely responsible for his own global phenomenon. Of course had there been stock back then, I'm sure Patrick would have caused his own stir, probably not too far off Linsanity levels.

Had Dolan let Patrick go after his rookie season for no compensation, I'm pretty sure that would have been bad for MSG stock back then too.

[Kampuchea]

BTW, dont get it twisted......i am not a Dolan supporter at all even though I like the moves we made this offseason.

I am not about to forget the Thomas Starbury years.


I am just pointing out that the short term stock performance does not mean much for Dolan or his largest investors.

[Manhattan Project]

Between Cablevision and MSG Inc you think Dolan is losing sleep over Lin?

[lazard]

Between Cablevision and MSG Inc you think Dolan is losing sleep over Lin?

of course not. His daddy left him a lot of money.

[21shumpst]

Nate Silver ‏@fivethirtyeight
So far this week: MSG (Knicks) stock has underpeformed market by 3.3% on Lin news. Equivalent to $90m in lost market value.

[Handledatruth]

People forget that Jeremy Lin is not the only rags to fame guy that played for New York. There was once this guy in the 90s that actually played in meaningful playoff games and has his picture in front of MSG for dunking on same famous Chicago Bulls. However, there was no stock watch when that guy was traded away...

He wasn't traded when he was 24.

Patrick wasn't on the cover of Time Magazine and he certainly wasn't solely responsible for his own global phenomenon. Of course had there been stock back then, I'm sure Patrick would have caused his own stir, probably not too far off Linsanity levels.

Had Dolan let Patrick go after his rookie season for no compensation, I'm pretty sure that would have been bad for MSG stock back then too.

I was talking about John Starks...but ok

John Starks lit New York on fire - traded
Sprewell was a legendary Knick - we let him walk
Camby was very popular - we traded him

MSG - still generating revenue with acquisitions, ticket prices, THE NEW YORK RANGERS, events, and so on. Linsanity (and i'm not talking about what happened on the court) was a product of MSG, not the other way around. Houston will find that out soon enough.

[Handledatruth]

Between Cablevision and MSG Inc you think Dolan is losing sleep over Lin?

Not when your sleeping on pillows stuffed with bills.

[ccvle]

When Dolan looks like an idiot to fans, it doesn't make much of a difference. My question is, if his investors believe that his arrogance/incompetence cost them the potential benefits of Linsanity, is there any way that could cost him his job?

Seems far fetched, but let's remember: Jim Dolan doesn't actually own the Knicks. MSG owns the Knicks. It's a unique situation in sports, and Linsanity has certainly played a part.

No. No. No.

Oh, ok. Thanks! That really clears it up for me. Appreciate the insight.

you want insight.
Knicks revenues in

2003-153m
2004-160m
2005-170m
2006-181m
2007-185m
2008-196m
2009-208m

This is all investors care about. Bad teams, bad rosters, bad signings, isiah thomas, stephen marbury, none of that stopped dolan from making more and more money. And you wonder if Jeremy Lin is going to make Dolan step down? On July 7th 2010, a day before Lebron announced his decision, MSG closed around 21.5. On July 9th, MSG closed 19.44. It stayed below $20 for about a month. I don't think I have tell you how much it is today. Stocks go up and down and alot of times for no good reasons.

[Handledatruth]

In the end Revenue > Hype

[cgmw]

you want insight.
Knicks revenues in

2003-153m
2004-160m
2005-170m
2006-181m
2007-185m
2008-196m
2009-208m

This is all investors care about. Bad teams, bad rosters, bad signings, isiah thomas, stephen marbury, none of that stopped dolan from making more and more money. And you wonder if Jeremy Lin is going to make Dolan step down? On July 7th 2010, a day before Lebron announced his decision, MSG closed around 21.5. On July 9th, MSG closed 19.44. It stayed below $20 for about a month. I don't think I have tell you how much it is today. Stocks go up and down and alot of times for no good reasons.

Ugh. Well, there goes my dream of Dolan tearfully stepping down in a public meltdown of shame and humilation. When did MSG stock go public?

Clinging to hope, then... I wonder if this Linsanity thing blows up in his face whether Dolan simply grows tired of dealing with it and steps down so he can concentrate on paying for his own record deal or something.

[Knicks_Fan2]

CCVLE and Moz dropping knowledge. Thanks guys.

[Marty McFly]

The discussion about the Jeremy Lin non-signing has mostly portrayed the Knicks' decision to let Lin walk as the deeply considered output of a complex financial calculus. Well, apparently not! The Knicks didn't match Houston's contract offer because their owner, James Dolan had his wittle feelings hurt by Jeremy Lin's totally standard and predictable decision to hit up the Rockets for more money. (The Knicks weren't exactly cagey about their eagerness to re-sign Lin, remember. "They will match any offer on Lin up to 1 billion dollars," someone told ESPN's Marc Stein. Why can't the Knicks play in my poker game?)

Anyway, a very good and very popular Knick is in Houston now, apparently because James Dolan had a sad. In light of this news, there's only one question left to answer. Is James Dolan an asswipe? Or is he a schmuck? You tell us in the discussion below.

http://deadspin.com/5927196/msg-chairma ... ts-discuss

[Kampuchea]

Ugh. Well, there goes my dream of Dolan tearfully stepping down in a public meltdown of shame and humilation. When did MSG stock go public?

Clinging to hope, then... I wonder if this Linsanity thing blows up in his face whether Dolan simply grows tired of dealing with it and steps down so he can concentrate on paying for his own record deal or something.

our best hope is him moving out of decision making role and focusing on the other business matters more, but that is doubtful.

[ccvle]

you want insight.
Knicks revenues in

2003-153m
2004-160m
2005-170m
2006-181m
2007-185m
2008-196m
2009-208m

This is all investors care about. Bad teams, bad rosters, bad signings, isiah thomas, stephen marbury, none of that stopped dolan from making more and more money. And you wonder if Jeremy Lin is going to make Dolan step down? On July 7th 2010, a day before Lebron announced his decision, MSG closed around 21.5. On July 9th, MSG closed 19.44. It stayed below $20 for about a month. I don't think I have tell you how much it is today. Stocks go up and down and alot of times for no good reasons.

Ugh. Well, there goes my dream of Dolan tearfully stepping down in a public meltdown of shame and humilation. When did MSG stock go public?

Clinging to hope, then... I wonder if this Linsanity thing blows up in his face whether Dolan simply grows tired of dealing with it and steps down so he can concentrate on paying for his own record deal or something.

In any other company, there might be be some hope, but this is MSG that we are talking about. We are talking about the Knicks. The Rangers. MSG is like Con Ed. There is nothing you can do but stick with it. Unlike Con Ed, MSG can increase prices when ever it wants. Go make a post about switching to Brooklyn Nets and see what reaction you will get from other knicks fans. Dolan knows Knicks fans are die hard. Dolan knows knicks fans will follow the team no matter what. Dolan is not the idiot. The fans are (sorry not saying you in particular).

[Manhattan Project]

Ugh. Well, there goes my dream of Dolan tearfully stepping down in a public meltdown of shame and humilation. When did MSG stock go public?

Clinging to hope, then... I wonder if this Linsanity thing blows up in his face whether Dolan simply grows tired of dealing with it and steps down so he can concentrate on paying for his own record deal or something.

Also I think people really overlook how many assets Dolan has, no pun intended. They just bought the Forum in LA, they have rights to theaters in NY, Chicago and I believe LA. Cablevision is like the sixth or seventh biggest cable provider in America, not just in NY. He can essentially control print with Newsday, media with MSG, music with theaters so on and so on. The Knicks are merely an amusement for him.