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Back on markets now big sports story that's also a big stock story Lin sanity.
It's over in New York -- did not match the the offer from the Houston Rockets three years Tony five million herself for.
-- more than that probably for Jeremy -- Gamco Investors one of the largest holders of MSG's stock.
About five million shares evident have a sell rating on wind as it turns out -- -- -- -- a portfolio manager for gamco you like the move got you Chris.
As a stockholder.
That the knicks did not spend this money and instead brought in a cheaper point guard and Raymond Felton.
Right well there's no question that -- -- had a big impact on the numbers last year oh yeah he W doubled ratings on the network.
Partly helped in the Time Warner Cable affiliate negotiation -- the stock price of the stock price we have a chart of it which goes through the quote unquote of insanity period and there was.
A big spike in and the stock price when he started playing well.
Middle -- season and the question is from here.
What is the financial impact going forward right.
There's a range of outcomes region revenue impacts.
Maybe it's -- it's nothing -- because that's -- a flop or she gets hurt and maybe it's a lot.
Turns out to be the superstar Obama people think that is so basis some probable listed weighting of those outcomes that the next have to determine what they're willing to pay -- OK and then after work so I wanna.
Of that speaking of the -- I wanna talk to about that a little bit because all the sports talk shows today are having a big debate about who you know how.
Jeremy Wynn's gonna turn -- and everybody now suddenly can prognosticate you know prognosticate how he's gonna be and nobody knows is the truth but.
-- article New York Times yesterday and have been some others looking at kind of advanced stats.
And -- was great this year when you compared to just about.
Anybody and the conclusion that they've made in the times yesterday in that article was that even if he's a top ten point part of the league.
Or if he's even a top twenty starting point guard they could make the math work for paying him this kinda money that's how he who he be comparable to what don't you guys think the math works.
Well let's it's very small sample size had a 126 games it Camilla wasn't there but it's always half it's -- we have.
But they gotta put together a team this is not just about one individuals -- team.
And the team has lasted for a long time last long time and the future and they have to figure out what the like -- -- That present guys I'm just assuming which have some of the merchandising just out all that stuff aside and by way by the way these are tremendous numbers in terms of the ticket sales in the jerseys in the overseas stuff and everything else.
The data we have on -- small sample size is as I said terrific and it is the only data we have so I'm curious to while Wall Street guys who always -- You you and everybody else -- relying on the date are now making the assumption.
That that data won't hold up well was at the end of the day line -- management relying on on the on the basketball judgment of Oakland or Walters and its management and expanded while the G energy into the next go -- -- -- has a pretty good track record he actually does and so but.
That's -- the ownership is judgment is certainly -- -- -- -- -- most other analysts.
Welcome to basketball is just the joke in New York is that if the dull -- figure that he won't work out you -- probably get the hall of fame induction ceremony ready right let's.
That's that's a pretty well it hasn't read a lot of wealth for a lot of shareholders and you got -- -- -- by the way up so rapidly depleting its worth between the stock is worth at least six to thank you Chris okay.
The sixty Chris grant -- from by gamco -- could -- firm they have five million.
Five million shares or thereabouts minister.
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