Minority Stake ProspectsA minority franchise sale would provide a market-backed price for the teams and could materially reduce the discount between MSGS' share price and franchise value.
Playoff-driven RevenueA deeper Knicks postseason run would raise ticket, broadcast and event-related revenues and boost operating profit, strengthening the case for a higher stock multiple.
Valuation UpsideRising third-party valuations for the Knicks and Rangers increase the likelihood that MSGS' market price narrows toward private-market estimates, attracting incremental investor interest.