PHOTO OF THE WEEK: NBA Jeremy Lin’s Stock Skyrockets As Linsanity Rolls On

One-Month Look At The Stock of Madison Square Garden, Inc. (Linsanity started Feb. 6th)

In his pursoot to lead his team to winning basketball games, Jeremy Lin has created a worldwide phenomenon around himself. As he establishes himself as a solid player in the National Basketball Association, the Asian-American Harvard-educated basketball wizard has made his own value shoot up and made related businesses’ values increase over the course of a several days only. Some affected markets are retail businesses and cable distribution networks among others.

Forbes’ Dr Patrick RisheDirector of Sportsimpacts and an Associate Professor of Economics at Webster University in St Louis, MO , writes: ”

“- He will boost the Knicks’ revenue by $10-20 million this season due to merchandise and playoff revenue (playoffs that otherwise the team would not have reached);

– He will boost the Knicks’ 2012-13 revenue by $25-50 million above what it otherwise would have been as merchandise sales and ticket prices rise, and as the team’s media rights rise;

– He will boost the league’s revenues in 2012-13 by $40-80 million largely due to his impact on global interest in the Lin and Knicks brand;

– He will earn between $10-20 million in endorsement income by summer 2013.” [Source.]

PHOTO OF THE WEEK: NBA Jeremy Lin’s Stock Skyrockets As Linsanity Rolls On

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s