MSG undervalued
Madison Square Garden is arguably the most famous arena in the world. The company MSG has several sport franchises as well as Madison Square Garden & The Forum. The sports franchises include some of the most valuable in the world including the Knicks & Rangers.
The New York Knicks are valued at up to 3 billion dollars. The Rangers are valued at around a billion dollars. But the true value could be far larger if either team were to be placed for sale & sold to the highest bidder. The billionaire list of potential buyers is in the dozens. Several groups of investors in the city could also bring in substantial bids to try to buy this precious asset from the Dolans. Don’t rule out wealthy foreign investors from the Middle East purchasing either sports franchise as the crown price and others diversify their wealth from relying exclusively on oil. The Crown price purchased a painting for $500 million, So a few billion for a sports franchise is not a far out possibility. If the Dolans do decide to sell be prepared for a media spectacle around the whole event.
Aside from these two franchises MSG owns and is currently seeking the sale of the WNBA’s New York Liberty. MSG also owns the Hartford Wolf Pack of the American hockey league & Westchester Knicks D-League. Which
The property of Madison Square Garden is the largest arena in manhattan. It’s in one of the most valuable areas of real estate in the world. The Garden is known all around the world and a historical American icon. No other arena has been or likely ever will be able to get such a large piece of real estate in manhattan to build something similar to the garden.
An additional value of MSG is the air rights MSG holds. The value of these rights would be in the hundreds of millions of dollars. The sale of these rights could bring new larger developments to the immediate area, while benefiting MSG shareholders. If the Dolans were inclined to sell and seeked bidders. The combined sale of the two sports franchise with the Garden could break 11 figures.
MSG also owns the rockettes which is one of the most iconic shows in the world. People flock from all over each holiday season to watch the show at MSG’s radio city musical hall. The real estate owned here is extremely valuable in New York City not mentioning the other arenas and venues it owns across the US. MSG also owns several other brands and restaurant chains.