Highest-materiality recent filing
MSGS distribution update covers overlapping officers, equity awards, and $20M tax acceleration
James L. Dolan will be Executive Chairman/CEO of Registrant, MSGS Spinco, MSG Entertainment and Sphere Entertainment; Jamaal T. Lesane will be EVP/Chief Legal Officer of Registrant and MSGS Spinco.
MSG Sports board approves Oct 26 spin-off of Rangers; MSGS to become MSG Knickerbockers, ticker MSGK
Board approved distribution of one MSGS Spinco share for every two Class A or Class B shares held; record date Oct 20, 2026, distribution effective 11:59 p.m. ET Oct 26, 2026.
MSGS FY2026 revenue up 11% to $1.15B; Q4 revenue up 37% to $278.7M
Full-year revenue $1,153.8M, up 11% YoY; operating income $28.9M vs $14.8M; adjusted operating income $58.7M, up 54%.
MSGS Q3 revenue up 2% to $432.2M, but operating income plunges 94% to $2.0M
Revenue $432.2M (+2% YoY); operating income $2.0M (down 94% from $32.3M).
Madison Square Garden Sports appoints Paul DiCicco as CFO effective May 11, 2026
DiCicco appointed EVP, CFO & Treasurer; succeeds Victoria Mink who transitions to EVP, Finance.
MSGS explores tax-free spin-off of Knicks from Rangers; CFO Mink to depart
Board unanimously approved exploration of a tax-free spin-off splitting New York Knicks and Rangers into two public companies.
MSGS Q2 revenue $403.4M (+13% YoY); operating income up 67% to $22.2M
Revenue $403.4M, up 13% YoY from $357.8M; operating income $22.2M vs $13.3M.
MSGS Q1 revenue down 26% to $39.5M; operating loss widens to $27.4M
Revenue fell 26% YoY to $39.5M from $53.3M; operating loss of $27.4M vs $8.3M loss a year ago.
MSGS reports fiscal Q4 operating loss of $22.6M; full-year adjusted OI down 78%
Full-year revenue $1.039B (+1% YoY); operating income $14.8M (down 90% from $146M).
Knicks, Rangers amend media rights deals with MSG Networks; fees cut 28% and 18%
Knicks media rights fee reduced 28%; Rangers fee cut 18%; both eliminate annual escalator.
MSGS Q3 revenue falls 1%, operating income plunges 59% on fewer games and lower media fees
Revenue $424.2M, down 1% YoY; operating income $32.3M, down 59% from $79.7M.
MSG Sports cuts Knicks/Rangers media rights fees 28%/18% as part of MSGN debt restructuring
Knicks annual rights fee reduced 28%, Rangers reduced 18%; escalator eliminated; contracts extended to 2028-29 season.
MSGS Q2 revenue +9% to $357.8M but operating income falls 54% to $13.3M
Revenue $357.8M, up $30.9M (+9%) YoY; driven by 3 additional Knicks/Rangers home games.
MSGS Q1 revenue up 24% to $53.3M; operating loss narrows 44%
Revenue $53.3M (+24% YoY); operating loss improved from -$14.8M to -$8.3M.
FY2024 revenue $1.027B (+16% YoY); operating income $146.0M (+71%); adjusted operating income $172.2M (+50%).
MSG Sports Q3 revenue $430M (+12% YoY); adjusted operating income up 3% to $88.7M
Revenue of $430.0M, up $47.2M (+12%) from prior year; driven by higher ticket, suite, and media rights fees.
MSGS Q2 revenue down 8% to $326.9M; operating income falls 44% to $28.8M
Revenue $326.9M, down $26.8M (8%) YoY due to 9 fewer combined Knicks/Rangers home games.
MSGS Q1 revenue up 79% to $43M; operating loss narrows 59% to $14.8M
Revenue $43.0M, up 79% from $24.1M in Q1 FY2023.
Full-year revenue $887.4M (+8% YoY); operating income $85.2M (-1%); adjusted operating income $115.0M (flat).
MSGS Q3 revenue up 13% to $382.7M; operating income up 33% to $81.8M
Fiscal Q3 ended March 31, 2023: revenue $382.7M (+13% YoY), operating income $81.8M (+33%), adjusted operating income $98.1M (+20%).
Revenue $353.7M, +22% YoY; operating income $51.5M, +43%.
MSGS reports Q1 revenue up 28% YoY to $24.1M; declares $7/sh special dividend, $75M buyback
Revenue $24.1M vs $18.8M YoY; operating loss $35.9M, adjusted operating loss $27.3M.
MSG Sports declares $7.00 special dividend and authorizes $75M ASR
Special cash dividend of $7.00 per share (~$175M total) payable Oct 31, 2022; record date Oct 17, 2022.
MSG Sports CEO Andrew Lustgarten to step down Jan 1; David Hopkinson named President and COO
CEO Andrew Lustgarten to step down effective Jan 1, 2023; will remain as director on Board.
Madison Square Garden Sports reports record FY2022 revenue $821.4M and AOI $142.2M
Full-year revenue $821.4M (up 98% YoY); operating income $86.1M vs. loss of $78.4M in FY2021.
MSGS Q3 revenue $337.8M, operating income $61.4M, AOI $81.5M; well above pre-pandemic
Revenue of $337.8M, up 85% from $183.0M in COVID-impacted Q3 last year; exceeded fiscal 2019 Q3 levels.
MSGS Q2 revenue $289.6M, operating income $35.9M; above pre-pandemic levels
Revenue $289.6M vs $28.8M a year ago; operating income $35.9M vs loss of $38.4M.
Madison Square Garden Sports enters new employment agreement with Executive Chairman James Dolan
Base salary of at least $1.25M; target annual bonus of 200% of base salary.
Madison Square Garden Sports Q1 revenue $18.8M down 67% YoY; operating loss widens
Revenue of $18.8M, down 67% from $57.0M in prior-year quarter.
MSGS reports Q4 revenue $146.9M, FY revenue $415.7M down 31% YoY; operating loss narrows
FY2021 revenue $415.7M vs $603.3M prior year (-31%); Q4 revenue $146.9M vs negative $7.0M prior year.
In addition, effective as of the same date, Bryan Warner, the Company’s Senior Vice President, Head of Legal, ceased to be an executive officer of the Company.
Effective September 21, 2026, Jamaal T. Lesane became Executive Vice President and Chief Legal Officer of Madison Square Garden Sports Corp. (the “Company”) and ceased to serve as the Company’s Chief Operating Officer.
On April 28, 2026, the Board of Directors of Madison Square Garden Sports Corp. (the "Company") appointed Paul DiCicco as Executive Vice President, Chief Financial Officer and Treasurer effective May 11, 2026 or such later date as may be agreed (the "Commencement Date").
provides for Mr. Lesane’s employment as the Company’s Chief Operating Officer
Madison Square Garden Sports Corp. (the “Company”) appointed Jamaal Lesane, the Company’s Executive Vice President and General Counsel, to serve as the Company’s interim President and Chief Operating Officer effective April 3, 2024.
On April 1, 2024, Madison Square Garden Sports Corp. (the “Company”) announced that David Hopkinson, the Company’s President and Chief Operating Officer, separated from the Company effective April 1, 2024 and will receive severance in accordance with the terms of his employment agreement.
On September 9, 2022, the Board of Directors (the “Board”), effective as of January 1, 2023, expanded the number of directors on the Board by one director, and the directors who are designated as elected by holders of the Company’s Class B common stock, par value $0.01 per share (the “Class B Common Stock”), appointed Mr. Lustgarten to serve as a director of the Company elected by such holders of the Class B Common Stock.
On September 9, 2022, the Board appointed David Hopkinson as President and Chief Operating Officer of the Company, effective immediately.
Andrew Lustgarten, President and Chief Executive Officer of Madison Square Garden Sports Corp. (the “Company”), will step down from his role as Chief Executive Officer as of January 1, 2023.
appointed Jamaal Lesane as Executive Vice President and General Counsel of the Company effective March 21, 2022.
Mr. Lesane will replace Lawrence J. Burian who is stepping down from his position as the Company’s current Executive Vice President, Corporate Development and General Counsel.
Max materiality 0.90 · Median 0.65 · Most common event earnings