Knicks and Rangers road games cost Madison Square Garden $27 million this quarter

The New York Knicks are sizzling. The New York Rangers are sizzling. Each teams are attain the stay of the standings in their respective leagues, had extra than one avid gamers named to All-Well-known particular person squads, and maintain a terribly magnificent shot of developing their respective playoffs. Madison Square Garden (MSG), the venue where both teams play their games, reported in its quarterly earnings Tuesday (Feb. 6) that the entire ardour is exhibiting up on the firm’s ledgers, which showed $37 million in profit on $327 million in earnings.

“Moderate per-game revenues for virtually every key earnings category —including tickets, suites, food, beverage and merchandise — exceeded outcomes for the prior 12 months duration,” the firm reported.

However thanks to the intention in which that the National Basketball Affiliation and the National Hockey League laid out their schedules this 12 months, the Knicks and Rangers together performed 9 fewer dwelling games than they did at some stage in the the same quarter remaining 12 months. Now MSG is blaming the road trips for an 8% dip in earnings, or $27 million.

No butts in seats, no bucks for sports actions

Knick Jalen Brunson dropped 50 gains for a occupation high? Too immoral it came about in Phoenix. MSG label gross sales were down $19 million. Ranger Artemi Panarin pulled off his 2d three-perform hat trick of the season? Too immoral it came about in Tampa Bay. Suite revenues were down $6 million and sponsorship greenbacks were down one other $6 million.

However fortunately for MSG, the Knicks are playing 5 extra dwelling games this quarter than they did remaining 12 months — and the Rangers at dwelling the the same quantity — so perhaps that can enable the Garden to procure up for lost ground.

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