Why is MSG Sports splitting the Knicks and the Rangers? MSGS has long been pegged as having a "Dolan discount" for the stock trading at a steep discount to its enterprise value. MSGS' current EV is $9.6 billion, a 29% discount to the $13.5 billion combined total from Sportico's most recent valuations of the Knicks at $9.85 billion and the Rangers at $3.65 billion. The reality is that sports teams have historically traded at a discount to what they might fetch in a private transaction. The Boston Celtics and Cleveland Indians—now Guardians—both traded at steep discounts before they went private.
This article originally appeared on Hoops Hype: The reality is that sports teams have historically …

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