The Knicks stock hits record high on historic NBA Finals lead

The Knicks’ historic playoff run comes as stock in the company that owns the team has more than doubled during the past year — with Wall Street just as giddy as fans over the franchise’s trip to the NBA Finals.Madison Square Garden Sports — the James Dolan-run company that also owns the NHL’s New York Rangers — notched a record high of $390.12 a share on Thursday, the day after the Knicks clinched a 105-95 Game 1 victory over the San Antonio Spurs.Shares in MSGS soared 1.4% Monday to hit a fresh intraday high of $391.79, ahead of Game 3.The stock has rallied 103% over the last year, giving the sports conglomerate a $9.3 billion market cap.“Everyone is talking about how it’s $10,000 to get into MSG for the NBA Finals,” investor Joe Pompliano tweeted over the weekend.

“Not enough people are talking about how the Knicks publicly traded stock has outperformed pretty much everything outside of AI over the last year.”MSGS did not immediately respond to The Post’s request for comment.After failing to win a title for over half a century, the Knicks’ 2-0 lead in the NBA Finals has pushed ticket resale prices well above $10,000; led to rambunctious watch parties and some arrests; and drawn celebs like actors Timothée Chalamet and Ben Stiller to the front row.President Trump and Mayor Zohran Mamdani are planning to attend Game 3 on Monday evening.But perhaps even more notable is the team’s effect on the stock price, which is raking in billions for investors after years of trading at a steep discount that fans have dubbed the “Dolan Discount.”Analysts are optimistic the rally is far from over, as a growing number of fans take interest in the stock and the Knicks are expected to bring in massive amounts of cash with every home game.“It’s great to see the Knicks winning on the court,” Christoper Marangi, president of Gabelli Funds, a major shareholder in MSGS, told the Wall Street Journal.

“But from my perspective it’s even better to s...