Madison Square Garden Sports

This article is about the sports company. For other uses, see Madison Square Garden (disambiguation).

Madison Square Garden Sports Corp.
Company typePublic
NYSE: MSGS (Class A)
Russell 1000 Component
S&P 600 component
Industry
Founded
  • 2010; 14 years ago (2010)
  • 2015; 9 years ago (2015)
(spin-off Madison Square Network)[1]
FounderJames L. Dolan
HeadquartersNew York City, U.S.
Key people
RevenueIncrease US$1.6 billion (2018)
Increase $316.79 million (2016)
Total assetsIncrease $9.384 billion (2008)
OwnerJames L. Dolan (71.1% voting, 21.6% economic)[2]
Silver Lake Partners (≈10%)[3]
Subsidiaries
Websitemsgsports.com Edit this at Wikidata

Madison Square Garden Sports Corp. (also known as MSG Sports) is an American sports holding company based in New York City.

MSG Sports manages professional sports teams. These include the National Basketball Association's New York Knicks and their NBA G League affiliate, the Westchester Knicks, and the National Hockey League's New York Rangers and their American Hockey League affiliate, the Hartford Wolf Pack.

The original company was established in 2010 when Cablevision spun off the New York Knicks, New York Rangers, Madison Square Garden, MSG Network and other entertainment assets as an independent, publicly traded company.

In 2015, the original company spun off the sports and entertainment division into a separate company and the original company was renamed to MSG Networks, Inc.; the new company took the name "the Madison Square Garden Company".

In 2020, the Madison Square Garden Company rebranded as Madison Square Garden Sports Corp. and subsequently spun off its entertainment division as Madison Square Garden Entertainment.[4][5]

  1. ^ "The Madison Square Garden Company Becomes New Public Sports And Entertainment Company" (Press release). The Madison Square Garden Company. October 1, 2015. Retrieved December 31, 2017.
  2. ^ "DEF 14A". SEC.
  3. ^ "Silicon Valley fund seeks major stake in New York Knicks, Rangers". New York Post. November 4, 2019. Retrieved January 30, 2022.
  4. ^ Miller, Ben (April 20, 2020). "Madison Square Garden Entertainment spin-off is complete". New York Business Journal. Retrieved July 22, 2020.
  5. ^ Chin, Kimberly (November 7, 2019). "Madison Square Garden to Spin Off Entertainment Unit". The Wall Street Journal. Retrieved July 22, 2020.