Madison Square Garden Sports Corp.: Will Its Capital Allocation & Debt Management Be A Breakthrough Move?

Madison Square Garden Sports Corp. reported strong financial results for fiscal 2024, supported by the successful seasons of its two major franchises, the New York Knicks and New York Rangers. The company’s total revenues exceeded $1 billion, marking a new record. Adjusted operating income reached $172 million, also a record, indicating robust demand among fans and partners throughout the season. Both teams had significant playoff success, with the Rangers making it to the Eastern Conference Final and the Knicks advancing to the Eastern Conference Semifinals, which contributed positively to the financial outcomes.