The San Antonio Spurs defeated the New York Knicks, 115-111, on Monday night at Madison Square Garden in front of President Donald Trump and numerous A-list celebrities. While the result ended the Knicks’ 13-game playoff winning streak—the NBA‘s second-longest ever in a single postseason— New York still maintains a 2-1 series lead.
Off the court, the Knicks have also been on a huge hot streak, with shares in the publicly traded Madison Square Garden Sports, which owns the Knicks and NHL’s Rangers, up 101% over the past year, handily beating the S&P 500 gain of 23% and stock market darling Nvidia (47%).
The MSGS share spike isn’t even the best performer in the universe of James Dolan, who is also CEO and controlling shareholder of Sphere Entertainment, which includes the Las Vegas Sphere and MSG Networks. Its shares are up 265%.
Dolan’s other sports property he controls and runs is Madison Square Garden Entertainment, which operates Madison Square Garden, Beacon Theatre, Radio City Music Hall and Chicago Theatre. It has also been on a heater, with a 91% stock gain. Outside of sports, the Dolan family also controls the publicly traded AMC Global Media and James serves as chairman. Its shares have gained 49% over the past 12 months.
