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MSG Stock Falling Since Lin Left Knicks
Posted By HOOPSWORLD On July 21, 2012 @ 7:31 am In All,Headlines,NBA Headlines | No Comments
Everyone kept saying it: Jeremy Lin’s value to the Knicks extended past the basketball court.
Want proof though? Since he signed his offer sheet with the Rockets, MSG’s stock has dropped $93 million, via Darren Rovell.
When Lin made his first start for the Knicks Feb. 6, MSG shares were trading at $29.49. On July 5, the stock had risen more than 30 percent up to $38.80. Since Lin signed the “poison pill” offer sheet than might make it tough to retain him, shares have dropped to $35.50, an 8.5 percent fall.
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