Discussion

Knicks could be worth $3 billion

Updated: June 6, 2014, 12:48 PM ET
By Darren Rovell | ESPN.com

The New York Knicks could now be worth $3 billion.

So says Rich Tullo, an analyst at Albert Fried & Company, which made the comment as part of a note issued Friday morning to announce that the research company was revising its price target for Madison Square Garden stock upward to $85 a share.

Tullo wrote that the Knicks, he believes, are now worth between $1.4 billion and $3 billion "based on percent premiums of recent sales prices paid for franchises such as the L.A. Clippers ...

Read full story

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.


EDITORS' PICKS

MORE NBA HEADLINES