If you’re a big sports fan, an investor (or both), and want to own a stake in a couple of the most storied franchises in sports, take a look at Madison Square Garden (MSG). There’s 100% potential upside, according to value investor Andrew Walker of Rangeley Capital. Walker is a Director of Research and Portfolio Manager at the New Canaan, CT-based investment firm specializing in event-driven, value-oriented investment opportunities.
“One of the big things we’ve constantly talked about is over the last 20 or 30 years, stocks have done great, but the things that have done really well are expensive trophy assets, paintings, fine wines, and sports teams,” Walker says in the video above, a brief excerpt from a longer HedgeyeTV interview. “There just aren’t a lot of publically traded ways to play sports teams.”
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