Here's why so few sports teams go public, even as valuations soar [CNBC]
Madison Square Garden Sports Corp. Class A (New) (MSGS)
Company Research
Source: CNBC
Teams in the NFL, NBA, and MLB have seen valuations climb nearly 1,000% according to data from Forbes. The Baltimore Ravens, for example, were purchased for $600 million in 2004 and are now estimated to be worth more than $6 billion, Despite that massive growth, most teams remain privately owned, typically passed down through generations of ultra-wealthy families. For many owners, these franchises aren't just businesses; they're cultural assets, status symbols and tools for influence. Going public could offer liquidity and access to new capital, but it also comes with tradeoffs. Public companies face tighter regulation, shareholder pressure, and financial transparency. There's also the risk of tension in trying to keep both shareholders and fans happy. Owners also face the potential of losing control: selling shares means giving up decision-making power. The Green Bay Packers are a unique, publicly owned non-profit team whose shares serve more as fan memorabilia than financial
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- Madison Square Garden Sports: Don't Count On Forbes Valuations [Seeking Alpha]Seeking Alpha
- Madison Square Garden (NYSE:MSGS) had its price target raised by analysts at Citigroup Inc. from $285.00 to $290.00. They now have a "buy" rating on the stock.MarketBeat
- Madison Square Garden (NYSE:MSGS) had its "peer perform" rating reaffirmed by analysts at Wolfe Research.MarketBeat
- Madison Square Garden (NYSE:MSGS) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Pellera Technologies Named an Official Partner of the New York Rangers [Yahoo! Finance]Yahoo! Finance