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Want To Own A Piece Of The Phoenix Suns? This Former SPAC Owns A Stake, Could Own More NBA Stakes Soon
Friday, July 9, 2021 - 3:17pm | 693The Phoenix Suns are nearing an NBA Championship for the 2020-2021 season, which would be the first title in team history. The Suns are majority-owned by Robert Sarver, but investors can own a piece of the team via a company that went public with a SPAC merger and has plans to own stakes in...
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5 Companies To Watch After Los Angeles Lakers Equity Sale
Monday, June 28, 2021 - 6:20pm | 654One of the most storied pro sports teams of all time is getting a new $5 billion valuation and a partial sale of the team that was revealed over the weekend. What Happened: Los Angeles Dodgers owners Mark Walter and Todd Boehly are purchasing 27% of the Los Angeles Lakers, according to Sportico....
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Will Knicks Continue Rough Playoff Streak? Atlanta Hawks Vs. New York Knicks Game 2 Betting Preview
Wednesday, May 26, 2021 - 12:41pm | 401The Atlanta Hawks beat the New York Knicks in a dramatic 107-105 victory on Sunday night, securing the win after a Trae Young buzzer-beater. The Series’ Storyline: Are the New York Knicks Actual Contenders? How To Watch: Game two of the Hawk-Knicks first-round series will be played at...
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Could New York Knicks Playoffs And Reopening Of Madison Square Garden Be A Winning Combination?
Monday, May 24, 2021 - 6:49pm | 598Pent-up demand for live sporting events and concerts continues to be a theme for investors seeking to find reopening stock plays. Add in a storied NBA franchise ending a playoff drought and investors could have two exciting stocks offering upside through the rest of 2021. What Happened: For the...
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Madison Square Garden Sports: Buying The Knicks And Getting The Rangers For Free
Friday, January 22, 2021 - 1:50pm | 485Even with an 8-8 record and a streak of missing the NBA playoffs for seven straight seasons, the New York Knicks could be a value play. Madison Square Garden Sports Corp (NYSE: MSGS): The New York Knicks are owned by Madison Square Garden Sports, along with the NHL’s New York Rangers...
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How Giannis Antetokounmpo Earned His Massive $228M 'Supermax' Contract
Tuesday, December 15, 2020 - 6:40pm | 457The back-to-back NBA MVP signed the largest deal in league history and earned a supermax contract extension. What Happened: Giannis Antetokounmpo signed a five-year, $228 million supermax contract extension with the Milwaukee Bucks, the team that drafted him 15th overall in 2013. The deal, reported...
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What Traders And Investors Should Know About The Utah Jazz Sale
Wednesday, October 28, 2020 - 6:38pm | 564The Utah Jazz and Vivint Smart Home Arena are being sold to lifelong fan and Qualtrics founder Ryan Smith. The sale could be a boost to a publicly-traded company that owns several sports teams, including the New York Knicks. What Happened: ESPN reported a sale price of $1.66 billion for the ...
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Ballmer Reportedly Close To Buying The Forum From MSG, Removing Barrier To New Clippers Arena
Monday, March 2, 2020 - 12:33pm | 493If you can't beat 'em, buy 'em out. Steve Ballmer, owner of the NBA's Los Angeles Clippers, is close to a deal to buy The Forum from Madison Square Garden Co (NYSE: MSG), according to an ESPN report. The purchase would eliminate one of the main obstacles to Ballmer's effort to...
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Josh Brown Calls The New York Knicks 'Embarrassing'
Tuesday, July 2, 2019 - 7:40am | 344Josh Brown said on Monday's "Halftime Report" he is downgrading Madison Square Garden Co (NYSE: MSG) on its lackluster NBA free agency performance. "You had room for two max deals, you got no one. No one wants to be here. It’s embarrassing," said the passionate Knicks...
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Zion Williamson's Marketability Takes A Big Hit If He Lands With The Pelicans
Friday, May 17, 2019 - 3:14pm | 588The type of market a player lands in directly affects their ability to push product. No matter how fun the city might be, Zion Williamson landing in New Orleans isn't the outcome sneaker companies looking to sign the future NBA star to an endorsement deal are hoping for. Luck Of The Draw The...
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Shareholder Lawsuit Against Madison Square Garden Says CEO Overpaid; Dolan Family Calls It 'Corporate Extortion'
Thursday, May 2, 2019 - 11:32am | 684A shareholder lawsuit filed against The Madison Square Garden Company (NYSE: MSG) and New York Knicks CEO James Dolan alleges he’s paid far more than similar CEOs and spends too much time away from the job touring with his band. What Happened The lawsuit, first reported by...
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Madison Square Garden Trading At Discount To Intrinsic Value, Imperial Capital Says In Bullish Initiation
Tuesday, August 21, 2018 - 9:14am | 438Shares of sporting and entertainment company Madison Square Garden Co (NYSE: MSG) have gained more than 10 percent since the announcement of a split into two entities, but the stock remains undervalued, according to Imperial Capital. The Analyst Imperial Capital's David Miller initiated...
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How Manchester United, Knicks Wins Correlate With Stock Gains
Friday, March 2, 2018 - 2:06pm | 773It looks like another losing season for the New York Knicks. More than halfway through their 2017-2018 schedule, the team ranks 11th in the NBA’s Eastern Conference with a 24-38 record. If they stay on pace, they’ll finish their fifth consecutive losing season and potentially miss their...
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Analyst: Why Jim Dolan Could Sell The New York Knicks
Monday, September 11, 2017 - 11:32am | 673After the $2.2-billion sale of the Houston Rockets, an unloading of the New York Knicks by owner Jim Dolan could be a slam dunk. Madison Square Garden Co (NYSE: MSG) and live entertainment are the Dolan family’s focus, and the company’s executive chairman has said sports are in a...
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Houston Rockets' $2.2 Billion Sale Boosts MSG's Stock
Tuesday, September 5, 2017 - 12:45pm | 397Tilman Fertitta, the billionaire entrepreneur and owner of Landry's, is now the owner of an NBA franchise. Fertitta reached an agreement with Houston Rockets' owner Leslie Alexander to acquire the franchise for $2.2 billion, the Houston Chronicle reported. The transaction represents the...