Madison Square Garden (MSG) represents the holding company that owns the New York Knicks, the New York Rangers, the New York Liberty, Madison Square Garden Arena, the Madison Square Garden Television Network , and several other properties. The latest Forbes valuations have the Knicks as the most valuable team in the National Basketball Association at $655 million.
The Forbes valuation of the New York Rangers is $461 million. There is an overlap of the value of Madison Square Garden in these two prices with the Knicks value having $185 million and the Rangers having $148 million. The average of these two values is $166 million. The combined valuation of the two teams with the average value of Madison Square Garden would be $949 million.
Madison Square Garden is the third busiest arena in the world by number of tickets sold. The arena hosts around 320 events a year. Along with hosting Knicks, Rangers and Liberty games, the arena hosts St Johns University home basketball games, the preseason NIT tournament in college basketball, the postseason NIT tournament in college basketball, and hosts the NBA Draft every year.
The arena holds 18,200 fans for hockey games, 19,763 fans for basketball games, and up to 20,000 for concerts at current capacity. Average attendance during 2010 was 19,728 for the Knicks, 18,103 for the Rangers, and 11,069 for the Liberty. All three of these numbers are increases from the 2009 seasons.
Both Knicks 2011 home playoff games were sellouts with 19,763 fans.
http://seekingalpha.com/article/271546-madison-square-garden-represents-good-short-term-better-long-term-buying-opportunity
No comments:
Post a Comment