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Vegas Loves the New York Knicks. Wall Street, Not So Much
Yahoo Finance· 2025-10-22 14:00
The New York Knicks tip off their 2025-26 season Wednesday night, riding a wave of momentum after reaching the Eastern Conference Finals last season for the first time in 25 years. The team has the fourth-best odds to win the 2026 NBA title and second-best in their conference behind the Cleveland Cavaliers. Yet, investors are still not jumping on the bandwagon. The stock price of Madison Square Garden Sports, which owns the Knicks and the NHL’s Rangers, is up only 3.4% over the past 12 months, versus 15.1 ...
Manchester United Q3 Preview: Revenue Growth Seen Resilient Despite Poor Form On Soccer Field
Benzinga· 2025-09-16 17:11
Core Viewpoint - Manchester United is expected to report strong commercial and broadcasting revenue in its upcoming fourth-quarter results, attracting investor interest [1][2]. Financial Performance - Analysts estimate fourth-quarter revenue of $225.8 million, a 25.8% increase from $179.4 million in the same quarter last year [1]. - The company is projected to report a loss of 6 cents per share, an improvement from a loss of 20 cents per share in the previous year [2]. - Manchester United has beaten revenue estimates in two consecutive quarters and in eight of the last ten quarters [2]. Revenue Segments - Key revenue segments to watch include broadcasting, commercial, and match day revenue, all of which showed year-over-year growth in the third quarter [3]. - The English Premier League's new domestic television rights deal starting in the 2025-2026 season is expected to enhance broadcasting revenue [4]. Partnerships and Sponsorships - Manchester United has signed a multi-year partnership with Coca-Cola, becoming the official carbonated soft drink of the team in Europe, which could further boost revenue [4]. Team Performance - The team is currently in 14th place in the English Premier League, having finished 15th last season, which has impacted its matchday revenue [5][6]. - Despite recent poor performance, the team previously finished third in the 2022-2023 season, qualifying for the Champions League [5]. Investor Interest - There has been increased investor attention on Manchester United, potentially due to the rising valuations of professional sports teams [7]. - The team's valuation is estimated at $6.6 billion, with a public enterprise value of $3.6 billion, suggesting shares may be undervalued [8]. Stock Performance - Manchester United's stock trades at $16.05, within a 52-week range of $12.05 to $19.65, and has seen a year-to-date decline of 7.5% in 2025 [8].