Mr. Beat Up
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Appearances Over Time
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He's like, I love that inventory.
All right.
So that is the first point on our business of sports roundup.
We've got three to go, so let's keep moving.
The NBA, so the Knicks, they have just gone on a generational run and won the NBA finals in five, but that's not the only Knicks generational run we're seeing.
Its owner has also been on an incredible stock market run.
It's nuts, isn't it?
Now, there's obviously some business stories that are underlying some of this growth, but a large part of it is just correlated to if the teams are going well, they're making more money.
Obviously, in the NBA, you're playing a heap more games through the finals.
It's good for the owners.
I think the tickets were very expensive and then the secondary market was even higher.
But I think so Madison Square Gardens is, there's two separate companies and I think the actual stadium is owned in Madison Square Garden Entertainment Corp, not Sports Corp.
It's like Formula One.
Liberty Media decided to split it into three different share classes.
That they brought in that much?
Well, it's because they didn't sell tickets.
It was pay-per-view.
And, like, so they would have made TV revenue.
But think about UFC fights that are in, like, big stadiums and stuff.
This was invite-only, and there was, like, a couple of thousand people.