Sports Team are perennially undervalued assets.. .. until they are sold.
https://www.barrons.com/articles/toronto-knicks-rangers-dbb5c77f
In a recent article from Barrons, they use the sale of BCE's stake in MLSE as an example of how MSG Sports, a publicly traded company that owns the NYK and the NYR, is largely undervalued. Here is a quote from the article that caught my attention.
"Sports teams are trophy properties that usually realize their full value only in sales."