Knicks Valued at $11.75 Billion by JPMorgan
JPMorgan has assigned a valuation of $11.75 billion to the New York Knicks, as reported by analyst David Karnovsky in a note regarding Madison Square Garden Sports Corp. This valuation comes shortly after the Los Angeles Lakers were sold for a record $12.5 billion to Bob Iger and Joshua Kushner, which is viewed as a significant comparable due to both franchises' substantial media markets and regional sports networks revenue.
Karnovsky stated that the Lakers serve as the most relevant comparison for the Knicks, and the record transaction further validates the market for marquee NBA franchises. The Knicks' valuation is bolstered by their recent NBA championship, enhancing their position among the top franchise valuations in the league.
The NBA Board of Governors is set to vote in September on the approval of the Lakers' transaction, which follows Mark Walter's previous $10 billion purchase of a majority stake in the team in 2025.
Plus234Feed summary based on reporting from Federal Character. Read the original report below.
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