Asset Value ConfidenceSportico NBA Valuations up 20% y/y, 113% from 2022 and record multiples for the Celtics and Lakers reinforce confidence in asset value; reiterate Outperform.
Investor AttractionThe valuation of the Knicks at $9.75 billion suggests MSGS is trading at a 58% discount, which could attract more investors.
Valuation GrowthForbes valued the New York Knicks at $9.75 billion, marking a 30% year-over-year increase, which is the largest annual uptick since MSGS began trading in 2020.