Key facts
- Madison Square Garden Sports (MSGS) stock is rallying.
- The New York Knicks' recent playoff success is fueling the stock rally.
- Jalen Brunson is leading the Knicks' performance.
- MSGS owns the New York Knicks (NBA) and New York Rangers (NHL) franchises.
- MSGS is exploring a spinoff of its sports franchises.
The stock of Madison Square Garden Sports (MSGS) is experiencing a rally, attributed to the New York Knicks' recent successes in the NBA playoffs. The Knicks, led by Jalen Brunson, have taken a 1-0 lead in their 7-game series against the San Antonio Spurs. This positive momentum comes at a strategic time, as MSGS recently filed to explore a spinoff of its professional sports franchises, which include the NBA's New York Knicks and the NHL's New York Rangers, along with minor league teams. The article conservatively projects the fair market value of MSGS at $11 billion, based on recent sales prices of comparable large-market NBA and NHL teams, suggesting the company may be undervalued.