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Madison Square Garden Sports Corp. reports developments tied to its professional sports portfolio, including the New York Knicks of the NBA and the New York Rangers of the NHL. The company also owns development league teams, the Westchester Knicks and Hartford Wolf Pack, and operates the MSG Training Center.
Recurring news themes include fiscal results shaped by games played at Madison Square Garden Arena, ticketing, suites, sponsorships, food, beverage and merchandise sales, league distributions and media rights fees. Company updates also cover official team and arena partnerships, changes in finance leadership, capital-structure matters and governance developments related to the publicly traded sports business.
Madison Square Garden Sports Corp. (NYSE: MSGS) will release its fiscal third quarter results for the period ended March 31, 2021, on May 5, 2021, prior to market opening. The Company will not conduct an earnings conference call. MSGS has announced it will hold two annual earnings calls, focusing on the second and fourth fiscal quarters.
MSG Sports is recognized for its prominent sports assets, including the New York Knicks and New York Rangers, alongside development league teams and esports ventures.
The New York Knicks and Squarespace announced the winners of the fourth annual “Make It Awards,” awarding four businesses with $30,000 grants, a one-year Squarespace subscription, and mentorship. The winners include It’s From The Sole, a sneaker donation nonprofit; First Tech Fund, supporting underprivileged NYC students with tech access; IV Comfort Solutions, improving pediatric healthcare through innovative IV bag covers; and Popcorn for the People, creating employment for adults with Autism. This year saw a record increase in applications by over 100% since 2017.
CLG, a leading North American esports organization, has partnered with Samsung Electronics America as the Official Computer Memory Hardware Devices Partner for its teams. This collaboration includes a digital content series and promotional integration across CLG's social media platforms. Samsung will also support CLG's Amateur Competition Platform, the Samsung Open Tournament Series, starting April 24, with events alternating between League of Legends and other fan-voted games. Additionally, Samsung's NVMe memory products will be utilized at the CLG Performance Center.
Madison Square Garden Sports and Madison Square Garden Entertainment announced a multi-year marketing partnership with The Clorox Company. Clorox will serve as the Official Cleaning & Disinfection Products Partner for the Knicks, Rangers, and Madison Square Garden Arena, providing products like electrostatic sprayers. This partnership includes significant brand integration at games and community support initiatives, including the Knicks’ Sweetwater Clifton ‘City Spirit’ Award.
CLG, a leading North American esports organization, has partnered with Bud Light, naming it an Official Partner. This partnership introduces the "Bud Light Streaming Studio" at CLG's Performance Center in Los Angeles, aimed at enhancing livestream content. Bud Light will sponsor virtual viewing parties for CLG's League of Legends matches and promote its ecommerce services. Additionally, a new Twitter feature, "Bud Light Cooldown," will provide match breakdowns, and CLG players will appear on Bud Light's Twitch channel.
CLG, a leading esports organization, has partnered with Logitech G, naming it the Official Peripherals Partner for CLG Red, which includes teams in CS:GO and female players in Valorant and Chess. This multi-year partnership will enhance marketing efforts, feature Logitech branding on jerseys, and promote diversity and inclusion in esports. CLG Red competitions will be broadcasted live on CLG’s Twitch channel, with Logitech G playing a pivotal role in brand integration and original content creation. This collaboration aims to support and elevate professional women’s esports.
Madison Square Garden Sports is excited to welcome fans back after nearly a year, with both the Knicks and Rangers set to host around 2,000 fans starting February 23 and February 26, respectively. Tickets will be available first to season ticket members and suite holders, with prices starting at $50. The teams are committed to ensuring safe experiences for fans and will honor essential workers during the games. This reopening signifies a positive step for New York amid the pandemic, highlighting the importance of fans in sports.
The New York Knicks and Squarespace launched the fourth annual 'Make It Awards' to support local businesses in the tri-state area. Four winners will receive a $30,000 grant, a one-year Squarespace subscription, marketing support, and mentorship. Applications are open until March 12, 2021. Since 2018, $360,000 has been awarded to local entrepreneurs. The judging panel includes prominent figures from various industries. This initiative underscores their commitment to fostering community and supporting small businesses during challenging times.
Madison Square Garden Sports Corp. (NYSE: MSGS) reported fiscal Q2 2021 results, revealing a revenue of $28.8 million, down 90% or $264 million year-over-year due to COVID-19 impacts. The company faced an operating loss of $38.4 million, compared to a loss of $0.2 million in the prior year. The New York Knicks played only nine games, while the Rangers had none due to restrictions. President Andrew Lustgarten expressed confidence in a return to normal operations and the company's strong fundamentals.
Madison Square Garden Sports Corp. (NYSE:MSGS) announced a conference call on February 3, 2021, at 10:00 a.m. ET to discuss its fiscal second-quarter results for the period ended December 31, 2020. The results will be reported prior to market opening. Interested participants can join by dialing 877-347-9170 with conference ID 5598615 or via webcast at investor.msgsports.com. A recording will be available after the call until February 10, 2021. More details can be found on the company’s website.