Madison Square Garden Sports ( (MSGS) ) has issued an update.
On April 24, 2025, Madison Square Garden Sports Corp.’s subsidiaries, the New York Knicks and New York Rangers, entered into a Transaction Support Agreement with MSG Networks to amend media rights agreements and restructure debt. The amendments, effective January 1, 2025, include significant reductions in annual rights fees and changes to contract expiration dates, aimed at facilitating MSG Networks’ debt restructuring and ensuring continued game availability for fans. The transactions are expected to be completed by June 27, 2025.
Spark’s Take on MSGS Stock
According to Spark, TipRanks’ AI Analyst, MSGS is a Neutral.
Madison Square Garden Sports shows strengths in revenue growth and operational performance, particularly in ticket sales and sponsorships. However, high leverage and negative equity create financial risks. The stock’s technicals suggest bearish momentum, and its high P/E ratio raises valuation concerns.
To see Spark’s full report on MSGS stock, click here.
More about Madison Square Garden Sports
Madison Square Garden Sports Corp. operates in the sports and entertainment industry, primarily focusing on professional sports teams. It owns the New York Knicks and New York Rangers, which are key assets in its portfolio, and has a significant presence in media rights and broadcasting through its subsidiaries.
YTD Price Performance: -14.05%
Average Trading Volume: 145,936
Technical Sentiment Signal: Buy
Current Market Cap: $4.6B
For a thorough assessment of MSGS stock, go to TipRanks’ Stock Analysis page.