MSGE News & Events

Shams Charania, ESPN's Senior NBA Insider, stated on X: "The NBA's Board of Governors has approved a vote for the league to explore bids and applicants for expansion teams exclusively in Las Vegas and Seattle, sources tell ESPN. A bidding process is expected to generate offers in the $7-10 billion range for each team." In February, MSG Sports (MSGS) announced that its board of directors has unanimously approved a plan to explore a possible spin-off that would separate its New York Knicks business from its New York Rangers business, creating two distinct publicly traded companies. Other publicly traded owners of sports franchises include the Liberty Braves Group (BATRA) and Manchester United (MANU).

Madison Square Garden Entertainment (MSGE) and Sphere Entertainment Co. (SPHR) announced that Allen Lo has been named Executive Vice President, Chief Legal Officer for both companies, effective March 30. Lo will serve as both companies' chief legal officer, overseeing all corporate and business legal affairs and leading a high-performing team of legal professionals across a range of disciplines. He will also partner closely with the companies' respective senior leadership teams, including to help shape business strategy, negotiate and execute significant transactions, and direct corporate governance processes. Lo will report to Jim Dolan, who serves as Executive Chairman and CEO of both MSG Entertainment and Sphere Entertainment.