linsanity-stock-market

Exit Linsanity! MSG takes a hit in Stock Market

July 19, 2012

Looks as though the last year of the Lin-sane contract (3years/$25mil) would have been cheaper to pay for being over the lulxury tax, then to take such a hit the day after Lin exits for Houston!

MSG takes a $300,000,000 loss the day after the Knicks decide to let Lin mozzy on down to Houston.  Well Dolan I hope it is all worth it.  Can I say that Dolan’s ego is not priceless anymore?  It seems as though it’s worth $300mil at least.

You can take a look at the chart above and see what Impact Lin had on MSG’s Stock when Linsanity was in full bloom and below you see the crash.

@ Since Lin left, the shares of MSG have lost about $300,000,000.-. That's what I call a luxury tax... # luxurytax #JLin17
@Willemergoist
Willem Hoogduin

Read more: http://observer.com/2012/07/msg-stock-jeremy-lin-effect-leaving-07172012/

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