Brooklyn Red, I don't get these sports teams valuations, there is no way they can generate enough EBITDA or free cash flow to justify the price.Hopefully Dolan sees the price of the Lakers and gets it in his mind to sell Knicks/Rangers/MSG with the market this high. Obviously, it would take an astute businessman to recognize the price that can be garnered at the peak of the market, something that Dolan is not. It is the only hope for the teams to return to championships.
Crazy, no other business would these multiple of earnings be used.