BUSINESS

Mere hope of acquiring Lebron boosts MSG stock 12%

TAGs: Lebron James, madison square garden inc.

LebronMSGstockNBA superstar Lebron James has publicly stated his desire to join friend Warren Buffett in the billionaire’s club, but for the moment, he’s boosting the net worth of a whole lot of other people. Since the Boston Celtics began their improbable three-win comeback to eliminate the Cleveland Cavaliers from the playoffs, shares of Madison Square Garden Inc. (owners of the New York Knicks) have risen a stunning 12% on speculation that free agent Lebron will soon be Gotham-bound. Be interesting to note if there was a similar spike in stocks of Cleveland-based headache medication manufacturers. Read more.

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