Show notes
Jon Boyar from the Boyar Value Group returns to the podcast to discuss the proposed merger between MSGE and MSGN. To put it bluntly, the deal is a disaster with absolutely no strategic rational, and Jon walks through all of the reasons the deal doesn't make sense.Jon's first podcast appearance: https://youtu.be/J2trsM41DTUBoyar's letter to the MSGN board: https://www.boyarvaluegroup.com/blog/the-boyars-value-groups-letter-to-james-dolan/If you're interested in hearing more about Jon's take on the different pieces of the MSG empire, email [email protected] and put Dolan in subject line.Chapters0:00 intro1:15 MSGE / MSGN overview and background8:30 Trying to layout the thesis behind the merger11:25 Diving into the sports betting upside15:15 Pushing back further on the deal bear case20:30 Discussing majority of minority provisions23:55 MSGE's Sphere28:35 Dolan's capital allocation track record32:30 Who else might bid for MSGN