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MSG to Outperform Despite Relocation Battle, Macquarie Says

"When you come to the Garden, it's the mecca. And the Garden is just as important as MoMA, Metropolitan Museum of Art, Lincoln Center. It is part of the culture of New York City" said Lee, a courtside fixture at Knicks games, when addressing the council.

With no plans to evict the Madison Square Garden Company in the immediate future, perhaps due to the inability of the city to acquire funding for the train station, Macquarie expects the firm to perform well. The company's "underlevered balance sheet will support capital returns and additional growth plans," the analysts wrote in a note.

Written by Robert Arenella in New York

>To contact the writer of this article, click here: Robert Arenella.

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