JPMorgan values Knicks at $11.75B after Lakers sale

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1. 1A JPMorgan (JPM) analyst has valued the New York Knicks at $11.75 billion.
2. 2The figure was cited by David Karnofsky in a note from parent company Madison Square Garden Sports (MSGS) on Friday.
3. 3The analyst argued that the $12.5 billion Lakers deal has validated the market for marquee NBA franchises.

Source Yahoo Finance +1 · View original ↗

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