NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (“MSG Sports”) Executive Chairman and CEO James L. Dolan announced today that Quentin Dolan has been named President, Chief Operating Officer, and Alternate Governor of the New York Rangers, effective immediately. Quentin Dolan most recently served as Senior Vice President, Player Performance and Science Leader, an area he will continue to oversee for both the Rangers and Knicks organizations.
As President, Chief Operating Officer, and Alternate Governor, Quentin Dolan will assume a key role in the day-to-day Ownership responsibilities of the Rangers and its AHL affiliate, the Hartford Wolf Pack. In this role, he will work closely on overall team direction and strategy with Rangers President and General Manager Chris Drury, who will continue to manage the hockey operations of the organization and lead all hockey decision making. Quentin Dolan will report into MSG Sports Executive Chairman and CEO, James L. Dolan, who will be stepping back from day-to-day responsibilities with the Rangers, and Rangers President and General Manager Chris Drury will report into Quentin Dolan.
“Since his arrival overseeing our Player Performance and Science department, Quentin has made a strong impact on the Rangers and Knicks organizations, and we are pleased that he will step into this elevated position,” said James L. Dolan, Executive Chairman and CEO, MSG Sports. “Quentin has quickly become an incredibly valued member of the Rangers franchise and played a key role behind the scenes with the Knicks during their championship run this past season. I look forward to seeing the positive influence he can make in this expanded and critical role.”
“I’ve always had a tremendous respect and admiration for the New York Rangers organization, it’s been a part of my life for as long as I can remember,” said Quentin Dolan. “I’m honored to have this opportunity to ensure our hockey operations staff, coaches, and players have all the support they need to provide our fans a product they can be proud of. I’m looking forward to immediately getting to work with Chris Drury, Mike Sullivan, and the entire staff.”
“Quentin and I have worked together for several years, and I believe him taking on this role will only make the Rangers organization stronger,” said Chris Drury. “The front office and coaching staff will be working in unison with Quentin in all key areas of our team in an effort to put this franchise in the best position possible to compete for a Stanley Cup.”
In his most recent position as SVP, Player Performance and Science Leader, Quentin Dolan built and led the performance science and player development infrastructure across both the Rangers and Knicks. This included overseeing medical, strength and conditioning, nutrition, mental performance, and performance data operations for both franchises. He joined MSG Sports in 2022, and his previous roles at the Company have included serving as Vice President, Strategic Advisor to the Executive Chairman and as Investment Director. He has also served on MSG Sports' Board of Directors since 2021.
Prior to MSG Sports, Quentin Dolan's experience includes roles with Grubman Shire & Meiselas, P.C. and Azoff MSG Entertainment, LLC. He has also been an advisor to several research and product development projects in the areas of sports performance and biotech.
Quentin Dolan is a graduate of New York University with a bachelor's degree in Sports and Event Management.
About Madison Square Garden Sports Corp.
Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY. More information is available at www.msgsports.com.
Madison Square Garden Entertainment Corp. (NYSE: [url="]MSGE[/url]) (âMSG Entertainmentâ) and Madison Square Garden Sports Corp. (NYSE: [url="]MSGS[/url])
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) and Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports”) announced today an expanded, multi-year marketing partnership with Lexus, extending the luxury automaker's role as an Official Partner across MSG Entertainment's and MSG Sports' portfolio of premier sports and entertainment assets. Lexus remains the Official Luxury Auto Partner and Luxury Vehicle of Madison Square Garden, Radi.
• MarketDesk Focused U.S. Momentum ETF stock is gaining positive traction. Why is FMTM stock trading higher?
A Data-Driven Bet, Not A Basketball Bet“The selection was entirely data-driven,” Clements told Benzinga. “Each month FMTM ranks our universe on a momentum signal that emphasizes the consistency and quality of a stock’s six-month price trend, not just the size of its return.”
He said MSGS qualified because it exhibited “strong, stable, persistent price strength,” adding that the model “takes no sports inputs; it reads price.”
Rather than factoring in the Knicks’ roster, regular-season performance or playoff odds, the momentum signal captured growing investor interest surrounding Madison Square Garden Sports’ plan to separate the Knicks and Rangers into two publicly traded companies.
“What the price was reflecting was the company’s announced plan to separate the Knicks and Rangers into two public companies, a sum-of-the-parts catalyst that was drawing buyers well before the Finals run,” Clements said.
Price, Not Narrative, Drives The ModelAsked how the strategy differentiates between a short-lived news rally and sustainable momentum, Clements said the model deliberately ignores the underlying narrative.
“We don’t separate the two, because the model only sees price. It’s agnostic to the ‘why,'” he said.
Instead, FMTM evaluates the consistency of a stock’s upward trend rather than simply measuring its return over six months.
“Two stocks can both be up 30% over six months — one that climbed steadily, one that spiked in a single week. Our signal favors the steady climber because a persistent trend is more likely to continue than a sharp move that may already have run its course.”
Championship Added to an Existing Investment ThesisWhile the Knicks’ title boosted the investment case, Clements said it wasn’t the catalyst that initially brought MSGS into the portfolio.
“The proposed separation of the Knicks and Rangers is the structural value story — two franchises potentially worth more apart than together,” he said. “The deep playoff run, capped by the championship, adds to that by raising the franchise’s valuation and visibility. The corporate catalyst is what the momentum signal initially picked up; the on-court success layered on top of it.”
Despite MSGS’ strong performance, Clements noted that FMTM doesn’t make concentrated bets on individual stocks. The actively managed ETF equally weights roughly 30 holdings, with each position accounting for about 3% of the portfolio.
“We don’t run high-conviction single-stock bets,” he said. “A position earns its place by the strength of the signal, not by how we feel about the story behind it or the market cap size of the company.”
Momentum Opportunities Expanding Beyond AIWhile AI-related technology companies continue to dominate momentum strategies, Clements said leadership is beginning to broaden across the market.
“We’re seeing both,” he said. “AI and mega-cap tech have clearly led, and that shows up in the portfolio, but we’re also seeing opportunities outside tech, particularly in industrials and financials, benefiting from a broadening market and the expansion of U.S. manufacturing activity.”
MSGS, he added, illustrates how the firm’s quantitative process can uncover opportunities outside the technology sector by focusing solely on durable price trends.
The Bigger Lesson From The KnicksFor Clements, the Knicks’ championship isn’t a case for investing in sports franchises. Instead, he sees it as evidence that systematic momentum strategies can identify opportunities before they’re widely recognized.
“It’s about systematic momentum,” he said. “The real takeaway is that a stock’s price contains a great deal of information that isn’t always visible to someone looking at the company directly, and that information gets reflected in the price quickly.”
He pointed to previous examples in which FMTM held companies before Berkshire Hathaway investments became public or before the stocks were added to the S&P 500, arguing MSGS is simply the latest example.
“The lesson isn’t ‘buy sports teams,'” Clements said. “It’s that price is information, and a rules-based process can act on it before the headline catches up.”
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Madison Square Garden (MSGS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
For investors looking to benefit from the long-term value of the Knicks franchise, MSGS is the more direct investment opportunity, while MSGE may appeal to those who prefer a broader entertainment and venue-based business model.
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Friday, May 8, 2026 before the market opens reporting results for its fiscal third quarter ended March 31, 2026. The Company generally hosts two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which schedule allows for a mid-season update, followed by a full-season review. Accordingly, the Company will not hold an earnings confere.
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports”) announced today that Paul DiCicco, a strategic finance leader with diverse experience, including in the sports and entertainment industry, is joining the Company as Executive Vice President, Chief Financial Officer and Treasurer, effective May 11. In this role, Mr. DiCicco will work closely with MSG Sports' leadership team to provide strategic financial insight on all facets of the business and support the.
Madison Square Garden Sports Group owns the New York Knicks and Rangers, two of the most valuable franchises in their leagues. MSGS benefits from rising sports team valuations, with the Knicks valued at $9.75bn and the Rangers at $4bn. The Knicks have the highest odds in their conference to reach the NBA Finals, positioning MSGS for significant playoff-driven revenue upside.
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal third quarter ended March 31, 2026. The fiscal 2026 third quarter included the continuation of the New York Knicks (“Knicks”) and New York Rangers (“Rangers”) 2025-26 regular seasons, with a combined five fewer games played at Madison Square Garden Arena ("The Garden") as compared to the prior year quarter. During the quarter, average per-game revenues for every key revenue.
Madison Square Garden (MSGS - Free Report) came out with a quarterly loss of $0.78 per share versus the Zacks Consensus Estimate of $0.66. This compares to a loss of $0.59 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -218.18%. A quarter ago, it was expected that this sports team and entertainment company would post earnings of $0.66 per share when it actually produced earnings of $0.34, delivering a surprise of -48.48%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Madison Square Garden, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $432.2 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.23%. This compares to year-ago revenues of $424.2 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Madison Square Garden shares have added about 28.6% since the beginning of the year versus the S&P 500's gain of 7.2%.
What's Next for Madison Square Garden?While Madison Square Garden has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Madison Square Garden was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.81 on $121.27 million in revenues for the coming quarter and -$0.35 on $994.56 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Services is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Target Hospitality (TH - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.
This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -120%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Target Hospitality's revenues are expected to be $74.03 million, up 5.9% from the year-ago quarter.
On May 12, 2026, Madison Square Garden Sports Corp MSGS shares rose 4.2% to a current price of $344.12. The stock has shown strong performance over the past year, with a remarkable increase of 79.4%, while trading within a 52-week range of $186.00 to $345.50.
GF Value™ verdict: Current price is $344.12 vs GF Value™ of $208.66, indicating a 64.9% overvaluation.GF Score™ of 67/100 suggests the stock is rated as Above Average.Notable signal: Insider activity shows that insiders sold $1.8M in shares over the last three months, with no buying activity reported. Is MSGS Overvalued or Undervalued? Madison Square Garden Sports Corp MSGS is currently trading significantly above its GF Value™ estimate of $208.66, which indicates that the stock is overvalued by approximately 64.9%. This discrepancy raises concerns regarding the margin of safety for potential investors. The GF Valuation label classifies MSGS as "Significantly Overvalued," highlighting the risks associated with investing at its current price. The overvaluation suggests that the stock price may be driven by market sentiment rather than underlying fundamentals.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given that MSGS is trading well above its intrinsic value, investors may face heightened risks if the market corrects itself in the future.
How Does MSGS's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 83.0x 161869.3x The current P/E ratio of 83.0x indicates that MSGS is trading below its forward P/E of 161869.3x, suggesting that the stock is not only above its historical valuation but also significantly overvalued compared to its median P/E over the past five years. This analysis aligns with the GF Value™ verdict that indicates MSGS is overvalued, as the P/E metrics reflect a substantial disparity between current and historical valuations.
What Does MSGS's GF Score™ Tell Us? Metric Rating GF Score™ 67/100 Financial Strength 3/10 Profitability 5/10 Growth 5/10 Valuation 3/10 Momentum 6/10 The GF Score™ of 67/100 indicates that MSGS is rated as Above Average, with varying strengths across different metrics. The strongest aspect is its Momentum rank at 6/10, reflecting positive price movements in the short term. Conversely, the Financial Strength rank of 3/10 reveals potential weaknesses in the company's balance sheet, indicating it may not be as stable as investors would prefer. Overall, while the stock exhibits some positive momentum, the lower scores in Financial Strength and Valuation raise red flags about its long-term sustainability.
What Are Insiders Doing with MSGS Stock? Recent insider activity for Madison Square Garden Sports Corp MSGS has shown that insiders have sold approximately $1.8 million worth of shares in the last three months, with no buying activity reported during this period. This trend could imply a lack of confidence from insiders regarding the stock's future performance, as typically, insider buying would signal strong belief in the company's growth prospects. The absence of buying could indicate that insiders are capitalizing on the current high share price.
What This Means for Investors Based on the GF Value™ analysis, Madison Square Garden Sports Corp MSGS is currently overvalued. The significant gap between the current market price and the GF Value™ estimate, combined with concerning insider selling patterns, suggests that potential investors should approach this stock with caution.
For the complete analysis, visit the Madison Square Garden Sports Corp MSGS stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is MSGS's GF Score™?
MSGS has a GF Score™ of 67/100, indicating it is rated as Above Average based on key financial metrics.
Is MSGS overvalued or undervalued?
MSGS is currently overvalued, with its market price significantly exceeding the GF Value™ estimate, indicating potential risks for investors.
What is MSGS's P/E ratio?
MSGS has a P/E ratio of 83.0x, which is considerably lower than its forward P/E of 161869.3x, indicating that it is trading below its historical valuation metrics.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports” or the “Company”) today announced that it has made progress towards a proposed spin-off of its New York Rangers business from its New York Knicks business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”). As previously announced, the possible transaction would create two distinct publicly traded companies, enabling shareholders to more.
Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports” or the “Company”) today announced that it has made progress towards a proposed spin-off of its New York Rangers business from its New York Knicks business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”).
As previously announced, the possible transaction would create two distinct publicly traded companies, enabling shareholders to more clearly evaluate each company’s assets and growth prospects, while providing both with enhanced strategic and financial flexibility. If MSG Sports proceeds with the spin-off transaction, it is expected to be structured as a tax-free spin-off to all Company shareholders and upon completion of the contemplated separation, it is expected that record holders of Company Class A and Class B common stock would receive a pro-rata distribution of 100% of the common stock in the newly created public company.
After the proposed spin-off, the New York Knicks company is expected to include the Knicks, an original franchise of the NBA, whose history includes eight trips to the NBA Finals and two NBA Championships, and have advanced to the Eastern Conference Finals in the 2026 NBA playoffs. Also included would be the Westchester Knicks, the exclusive NBA G League affiliate of the Knicks. The New York Rangers company is expected to include the Rangers, one of the NHL’s “Original Six” franchises, which recently celebrated its 100th Anniversary season and whose history includes four Stanley Cup Championships. Also included would be the Hartford Wolf Pack, a minor-league hockey team in the AHL, and the top affiliate team for the Rangers.
There can be no assurance that the possible transaction will be completed in the manner described above, or at all. Completion of the transaction would be subject to various conditions, including effectiveness of the Form 10 Registration Statement, any required league approval, receipt of a tax opinion from counsel and Company board approval.
About Madison Square Garden Sports Corp.
Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY. More information is available at www.msgsports.com.
Forward-Looking Statements
This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including financial community and rating agency perceptions of the Company and its business, operations, financial condition and the industry in which it operates, and the factors described in the Company’s filings with the Securities and Exchange Commission, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260518632524/en/
Madison Square Garden Sports has moved to split the New York Knicks and New York Rangers into two separate, publicly traded companies — a move analysts say could finally unlock billions in trapped franchise value tied up under James Dolan’s sprawling sports empire.
MSG Sports said it confidentially filed an initial Form 10 registration statement with the Securities and Exchange Commission on Monday as it advances a proposed tax-free spin-off that would separate the Knicks business from the Rangers business.
The Knicks entity would include the NBA franchise and the Westchester Knicks G League affiliate, while the Rangers company would house the NHL club and the Hartford Wolf Pack.
James Dolan’s MSG Sports filed to split the Knicks and Rangers into separate publicly traded companies. James Keivom for NY Post “This move has been a long time in coming,” Derek Reisfield, co-founder of MarketWatch and a former CBS executive who worked on NFL rights negotiations, told The Post.
“There has been a persistent gap in the stock value of MSG Sports to the private market value,” Reisfield said.
Forbes valued the Knicks at $9.75 billion last year, while CNBC recently pegged the franchise above the $10 billion mark amid soaring NBA media-rights expectations.
The Rangers, meanwhile, were valued by Forbes at $4 billion — making them the NHL’s second-most valuable franchise behind only the Toronto Maple Leafs.
The Knicks have been valued near or above $10 billion by major sports finance outlets. Knicks star OG Anunoby is seen above during his team’s playoff series against Paul George (8) and VJ Edgecombe of the Philadelphia 76ers. Charles Wenzelberg / New York Post MSG Sports, however, currently carries a public market valuation of roughly $8.5 billion — far below the combined estimated private-market value of the Knicks and Rangers.
Investors have long argued that Dolan’s complicated corporate structure obscured the true value of the teams.
MSG Sports said the transaction, if completed, would create two separate publicly traded companies. The company cautioned there is no guarantee the separation will be completed.
Still, the filing immediately fueled speculation over whether Dolan could ultimately cash out of one or both franchises after decades of insisting the teams were not for sale.
The Rangers would be housed in a separate public company under MSG Sports’ proposed spin-off. Robert Sabo for NY Post “Will one of the teams get sold, that’s not clear,” Reisfield said. “But having separate entities will either allow partial sales of individual teams to raise money, or the entire sale of one of the teams.”
Sports franchise valuations have exploded in recent years as billionaires and private equity firms pour money into scarce marquee assets. Reisfield noted that the teams’ ties to MSG remain a complicating factor because the arena’s operating permit expires in 2028.
“The arena is a huge component of a sports franchise’s value and cash driver,” he said. “Many of the sports teams are really two businesses now, a sports team and a real estate development company.”
The Garden is owned separately through Madison Square Garden Entertainment Corp. — a structure that has long raised questions among investors over lease agreements, shared expenses and how cash flows between Dolan-controlled entities.
In 2023, the company renamed itself to Sphere Entertainment Co. and spun off its traditional live entertainment venues — including Madison Square Garden arena, Radio City Music Hall, the Beacon Theatre and the Chicago Theatre — into a newly created company that took the name MSGE.
Madison Square Garden is a key piece of the valuation puzzle as MSG Sports moves to split the Knicks and Rangers. Christopher Sadowski for NY Post MSG Sports on Monday touted the proposed split of the Knicks and Rangers as a way for investors to “more clearly evaluate each company’s assets and growth prospects” while providing “enhanced strategic and financial flexibility.”
Shares of MSG Sports were trading at around 0.75% higher as of 2 p.m. Eastern Time on Monday. Sphere Entertainment’s stock price was down nearly 2%.
Shares of MSGE were up 0.51% just before the close of Monday’s trading session on Wall Street.
An MSG spokesperson declined to comment further beyond the company’s statement.
On May 26, 2026, Madison Square Garden Sports Corp (MSGS) shares rose 3.5% to $366.34. This move comes as the stock has experienced a significant rally, trading
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (“MSG Sports”) announced today that the New York Knicks will donate hundreds of free tickets to underprivileged youth throughout New York City for the 2026 NBA Finals. Garden of Dreams Foundation Youth will receive 250 tickets per home game – totaling at least 500 tickets across Games 3 and 4 – and 750 tickets if there is a Game 6. Recipients will include underserved New York families affiliated with the Garden of Dreams Foundation (.
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (“MSG Sports”) announced today that the New York Knicks will auction off two Celebrity Row seats to benefit the Garden of Dreams Foundation for Game 3 of the NBA Finals. The fundraiser will begin Thursday, June 4 at Noon with details to come on Knicks.com/celebrityrowauction. Proceeds from the fundraiser will go to the Garden of Dreams Foundation. “The Garden of Dreams Foundation is the most important work that we do at the Madison S.
Shares of the Knicks' parent company, Madison Square Garden Sports, have more than doubled in value over the past year—and reached a record high during the NBA Finals.
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (“MSG Sports”) announced today that $1 million has been raised for the Garden of Dreams Foundation through the Knicks fundraiser for two Celebrity Row seats at Game 3 of the NBA Finals Monday at The Garden. Leading global law firm Gibson, Dunn and Crutcher LLP (“Gibson Dunn”) and preeminent private-equity firm Veritas Capital split the winning bid, totaling $1 million. The donation is the single largest donation in the history of the.
The Knicks’ historic playoff run comes as stock in the company that owns the team has more than doubled during the past year — with Wall Street just as giddy as fans over the franchise’s trip to the NBA Finals.
Madison Square Garden Sports — the James Dolan-run company that also owns the NHL’s New York Rangers — notched a record high of $390.12 a share on Thursday, the day after the Knicks clinched a 105-95 Game 1 victory over the San Antonio Spurs.
Shares in MSGS soared Monday to hit a fresh intraday high of $392.56 before finishing marginally lower, ahead of Game 3. The stock has rallied 100% over the last year, giving the sports conglomerate a $9.2 billion market cap.
The Knicks’ historic playoff run has more than doubled the value of the parent company’s stock. Getty Images “Everyone is talking about how it’s $10,000 to get into MSG for the NBA Finals,” investor Joe Pompliano tweeted over the weekend. “Not enough people are talking about how the Knicks publicly traded stock has outperformed pretty much everything outside of AI over the last year.”
MSGS did not immediately respond to The Post’s request for comment.
After failing to win a title for over half a century, the Knicks’ 2-0 lead in the NBA Finals has pushed ticket resale prices well above $10,000; led to rambunctious watch parties and some arrests; and drawn celebs like actors Timothée Chalamet and Ben Stiller to the front row. President Trump and Mayor Zohran Mamdani are planning to attend Game 3 on Monday evening.
But perhaps even more notable is the team’s effect on the stock price, which is raking in billions for investors after years of trading at a steep discount that fans have dubbed the “Dolan Discount.”
Analysts are optimistic the rally is far from over, as a growing number of fans take interest in the stock and the Knicks are expected to bring in massive amounts of cash with every home game.
“It’s great to see the Knicks winning on the court,” Christoper Marangi, president of Gabelli Funds, a major shareholder in MSGS, told the Wall Street Journal. “But from my perspective it’s even better to see shareholders winning.”
Actor Ben Stiller and Knicks owner James Dolan sit courtside during Game 2 of the 2026 NBA Finals. Jason Szenes for The New York Post MSGS saw one of the biggest boosts to its stock earlier this year when the sprawling sports empire moved to split the Knicks and Rangers into two separate, publicly-traded companies – a move analysts predicted could unlock billions of dollars in trapped franchise value.
The stock kept soaring as the Knicks kept winning, and the Big Apple rooted for the beloved team to make it to their first finals in 27 years.
Here’s the latest on the Knicks’ historic 2026 NBA Finals run MSG cancels Knicks watch party hours before Game 4 as James Dolan unloads on Mamdani, Tisch Trump tells The Post refs made ‘very bad call’ on Victor Wembanyama shove against Knicks star Jalen Brunson How potential Game 6 of NBA Finals could be travel armageddon with World Cup underway MSG dismantles Mamdani claiming credit for Knicks watch party, blasts ‘police state’ street lockdown “The playoff run has acted as a catalyst, but it seems the market is also revaluing the underlying asset,” Ken Mahoney, chief executive of Mahoney Asset Management, told The Post.
“Professional sports franchises rarely become available, and as the Knicks move closer to a championship, investors are placing a higher premium on one of the most iconic franchises in global sports,” he added, nodding to the proposed Knicks-Rangers split.
James Dolan’s company earlier this year proposed a move to split the Knicks and Rangers into two separate companies. James Keivom Some investors have taken a more cautious approach to the stock rally.
“Sports teams have never been valued by normal investor metrics. Private investors have taken the risks and reaped the rewards of what’s best thought of as ‘trophy’ valuation,” Kenin Spivak, CEO of SMI Group, told The Post. “There is no reason to believe the surge in value will hold for very long.”
An Eastern Conference Finals home game can be worth roughly $20 million for the company, according to earlier financial disclosures – and the NBA Finals games will certainly rake in even more cash.
While sales from the flashy $10,000-plus tickets will mostly be pocketed by re-sellers, the Knicks are still seeing strong revenue growth in merchandise sales and other areas, Mahoney said.
Another financial win for the team comes from Jalen Brunson, the team’s captain and superstar point guard – whose most-recent contract was relatively cheap, according to the Journal.
Brunson reportedly left more than $100 million on the table when he signed a contract worth just under $40 million annually over four years, allowing the Knicks to scoop up more talent.
“He’s certainly, in relative terms, underpriced for all that he’s done for the team,” Jonathan Boyar, principal at the Boyar Value Group and an MSGS investor, told the Journal.
Madison Square Garden Sports Corp. is upgraded to a speculative Buy as the Knicks near their first NBA championship since 1973. MSGS trades at a 17.7% discount to adjusted Forbes private market valuation, with potential for further upside if the Knicks win. A confidential SEC filing advances plans to split MSGS into separate Knicks and Rangers entities, potentially unlocking additional value.
