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New York Knicks Sale? Rumors

As of this morning, Madison Square Garden Sports Corp stock ($MSGS) was trading north of $162, representing a 5% increase since Thursday. $MSGE is up nearly 4% over that same stretch. “Two things could happen in our opinion,” Boyar forecasts, “either a PE firm or a family office will take a minority stake in either the Knicks or the Rangers. Or there could be a sale of one or both of the teams. Too bad Steve Cohen is not a basketball fan!… At some point it would not surprise us if someone makes an offer for one or both of the teams.”