The Knicks’ stock hits record high on historic NBA – Business News
The Knicks’ historic playoff run comes as stock within the company that owns the workforce has more than doubled during the previous yr — with Wall Street simply as giddy as followers over the franchise’s journey to the NBA Finals.
Madison Square Garden Sports — the James Dolan-run company that additionally 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 recent intraday high of $392.56 earlier than ending marginally decrease, forward of Game 3. The stock has rallied 100% during the last yr, giving the sports activities conglomerate a $9.2 billion market cap.
The Knicks’ historic playoff run has more than doubled the worth of the father or mother 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 didn’t instantly reply to The Post’s request for remark.
After failing to win a title for over half a century, the Knicks’ 2-0 lead within the NBA Finals has pushed ticket resale costs properly above $10,000; led to rambunctious watch events and a few arrests; and drawn celebs like actors Timothée Chalamet and Ben Stiller to the entrance row. President Trump and Mayor Zohran Mamdani are planning to attend Game 3 on Monday night.
But maybe even more notable is the workforce’s impact on the stock price, which is raking in billions for traders after years of trading at a steep low cost that followers have dubbed the “Dolan Discount.”
Analysts are optimistic the rally is much from over, as a growing quantity of followers take curiosity within the stock and the Knicks are anticipated to usher in huge quantities of money with each home recreation.
“It’s great to see the Knicks winning on the court,” Christoper Marangi, president of Gabelli Funds, a main shareholder in MSGS, instructed the Wall Street Journal. “But from my perspective it’s even better to see shareholders winning.”
Actor Ben Stiller and Knicks proprietor James Dolan sit courtside during Game 2 of the 2026 NBA Finals. Jason Szenes for The New York Post
MSGS noticed one of the most important boosts to its stock earlier this yr when the sprawling sports activities empire moved to break up the Knicks and Rangers into two separate, publicly-traded firms – a transfer analysts predicted may unlock billions of {dollars} in trapped franchise worth.
The stock stored hovering because the Knicks stored profitable, and the Big Apple rooted for the beloved workforce to make it to their first finals in 27 years.
More Coverage on the Knicks during the 2026 NBA Finals
“The playoff run has acted as a catalyst, but it seems the market is also revaluing the underlying asset,” Ken Mahoney, chief govt of Mahoney Asset Management, instructed 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 break up.
James Dolan’s company earlier this yr proposed a transfer to separate the Knicks and Rangers into two separate firms. James Keivom
Some traders have taken a more cautious strategy 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, instructed The Post. “There is no reason to believe the surge in value will hold for very long.”
An Eastern Conference Finals home recreation will be price roughly $20 million for the company, in keeping with earlier financial disclosures – and the NBA Finals video games will definitely rake in even more money.
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While gross sales from the flashy $10,000-plus tickets will largely be pocketed by re-sellers, the Knicks are nonetheless seeing robust income growth in merchandise gross sales and different areas, Mahoney stated.
Another financial win for the workforce comes from Jalen Brunson, the workforce’s captain and famous person level guard – whose most-recent contract was comparatively low-cost, in keeping with the Journal.
Brunson reportedly left more than $100 million on the desk when he signed a contract price slightly below $40 million yearly over 4 years, permitting the Knicks to scoop up more expertise.
“He’s certainly, in relative terms, underpriced for all that he’s done for the team,” Jonathan Boyar, principal on the Boyar Value Group and an MSGS investor, instructed the Journal.
