After 40 Years, Big East Tournament Stays Put, Cashes In at MSG
The 2022 New York Life ACC Men’s Basketball Tournament is being held at the Barclays Center in Brooklyn. The Big Ten is playing its tournament in Indianapolis. The SEC…
MSG
Jim Dolan Doubles Pay Under New MSG Contracts
Jim Dolan, the controlling shareholder of Madison Square Garden Sports and Madison Square Garden Entertainment, has gotten a big raise for 2022. Dolan likely more than…
Sports Fans Endure TV’s Fees After Cord Cutters Flee
As the traditional pay-TV universe continues to shrink, sports fans appear to be the glue that’s keeping the bundle from falling apart completely. But despite these…
Team, Arena Roll-Up Could Be Solution for Some RSNs
In a world where the established cable bundle is in secular decline, monetizing an expensive, segmented regional sports network at scale has become a challenge. As…
Knicks, Rangers Fans in the Dark Amid Comcast-MSG Skirmish
The ongoing battle between regional sports networks and pay-TV operators has flared up once again, as the MSG Networks, home to the New York Knicks and New York Rangers…
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…
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 for…
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 and…
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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