Ariel Investments Founder John Rogers Suggests MSG Company Split
John Rogers, founder, chair, CIO, and co-CEO of Ariel Investments, has suggested that MSG should divide into two distinct companies. Rogers stated that the current valuation of MSG stocks does not accurately reflect the inherent value of its sports franchises, the New York Knicks and the New York Rangers. His comments were made during an interview on "Bloomberg The Close."
John Rogers, a prominent figure in the investment world as the founder, chair, CIO, and co-CEO of Ariel Investments, has publicly advocated for MSG to split into two separate entities.
According to Rogers, the current stock performance of MSG does not adequately represent the combined value of its high-profile sports assets, specifically the NBA's New York Knicks and the NHL's New York Rangers.
Rogers shared his perspective during an appearance on "Bloomberg The Close," where he was interviewed by Romaine Bostick and Katie Greifeld.
(Source: Bloomberg Markets)
