JPMorgan values Knicks at $11.75B after Lakers sale
JPM JPMorgan Chase & Co
$362.84 -0.07%
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- 1A JPMorgan (JPM) analyst has valued the New York Knicks at $11.75 billion.
- 2The figure was cited by David Karnofsky in a note from parent company Madison Square Garden Sports (MSGS) on Friday.
- 3The analyst argued that the $12.5 billion Lakers deal has validated the market for marquee NBA franchises.
This 3-line summary is compiled from the report below.
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