You are currently viewing How Robert Sarver’s Asking Price For The Suns Likely Makes The Knicks’ Jim Dolan A Richer Man

selling the Phoenix Suns, is telling those inquiring about buying the NBA team that he wants $4 billion (enterprise value), according to sources.

The sale price of one team does not necessarily reverberate across an entire league. But while the overall stock market fell 1.7% Wednesday, as did the prices of sports stocks such as English soccer team Manchester United (down 3.1%) and Liberty Media, which owns the MLB’s Atlanta Braves (down 1.9%), shares of MSG Sports, which owns the NBA’s New York Knicks and the NHL’s New York Rangers, were up 0.6% (both the market and MSG Sports were down in early trading this morning).

MSG Sports has an enterprise value of $3.8 billion ($3.48 billion equity plus net debt of $160 million). A year ago, Forbes valued the Knicks at $5.8

Keep reading this article on Forbes Business.

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