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MSG Sports to Pay Special Dividend, Buy Back Stock. But It Won’t Sell Knicks, Rangers.

Por: MarketWatch Business October 06, 2022

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“The stock is way undervalued, so we think this is a good move,” said James Dolan, the executive chairman of MSG Sports, in an interview with Barron’s. MSG Sports, whose shares were down 1.7% Thursday to $140.36, is valued at $3.5 billion. It also has about $150 million of net debt. That results in an enterprise value of roughly $3.6 billion (equity market cap plus net debt), which is less than half the combined value of the Knicks and... + full article



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