MSG Sports Loses Money for Third Straight Year, But Morgan Stanley Is Bullish
After a dire 2020, Madison Square Garden Sports (MSGS) released its fiscal year and quarterly earnings reports this morning. While the parent company of the New York…
MSG
Knicks and Rangers Revenue Plunges 31% in COVID-Hit Third Quarter
Revenue declined almost $85 million for the New York Knicks and Rangers in the third quarter, as pandemic restrictions on fans gutted ticket, concession and merchandise…
MSG Networks Launches Pick ’em App in Step Towards Gaming Integration
MSG Networks (MSGN) became the first regional sports network to announce its own free-to-play sports prediction contest app Thursday as broadcasters turn to gaming…
Knicks, Rangers Stake Taken by Egyptian Billionaire Reflects Sports Team Valuations
When Nassef Sawiris disclosed last week that he is the largest individual shareholder not named Dolan to own a part of the New York Knicks and Rangers, it raised a…
Pro Sports Teams Haven’t Made for Good Public Companies, But SPAC Principals Remain Undeterred
Historically, the public markets have undervalued pro sports franchises. Sportico’s Brendan Coffey recently wrote about how both Liberty Braves (BATRA) and Madison…
Brooklyn Nets Name John Abbamondi as CEO of Team, Barclays Center
The Brooklyn Nets have named former Madison Square Garden executive John Abbamondi as chief executive officer of the parent company that controls the NBA team…
Exclusive
Brooklyn Nets to Name MSG Exec John Abbamondi as Team President
Madison Square Garden Co. executive John Abbamondi will be named president of the Brooklyn Nets, people familiar with the matter told Sportico. Abbamondi most recently…
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With Her Market Ascending, Hilary Pecis Joins Los Angeles’s David Kordansky Gallery
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Teaser says Marvel’s Avengers may soon fight a terrifying new threat
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