Sphere Stock at 14-Mo. Low, Possible MSG Networks Bankruptcy Looms
The stock market has tumbled 10% over the past month with President Donald Trump’s escalating trade war creating uncertainty in the economy and pushing the S&P 500 to…
Sphere
Sphere Revenue Falls, MSG Networks Bankruptcy on Table
Sphere Entertainment reported financial results for the three months ending Dec. 31 that had revenue down 2% to $308 million. The net loss for the quarter was $126…
Steve Cohen Adds to Sphere Stake During MSG Networks Debt Saga
On Sunday, Juan Soto—the New York Mets’ pricey offseason acquisition—reported to spring training. Mets owner Steve Cohen may have won over Soto from the New York…
MSG Networks, Lenders Agree to Continue Talks on $829 Million Debt
MSG Networks and its Wall Street lenders have agreed to extend through January their negotiations on $829 million debt initially due to have been paid off in…
MSG Networks’ Troubles May Lead to Split With Sphere
The negotiation period between lenders and MSG Networks on its unpaid debt expires Friday, which could bring big news for parent Sphere Entertainment—and not necessarily…
Sporticast 397: FanDuel’s Cavs Odds Show Betting, Marketing Overlap
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including a viral FanDuel…
Vegas Sphere Visits Boom, but Losses Continue for Dolan’s Company
Sphere Entertainment, the holding company of the Las Vegas venue and MSG Networks’ RSN business, reported first-quarter revenue of $227.9 million, nearly double the…
Morgan Stanley Raises Las Vegas Sphere Stake Nearly 300%
Financial services giant Morgan Stanley has added 1.5 million shares to its position in Sphere Entertainment since June 30 and now owns 2.05 million shares, or a 7.2%…
Knicks Jersey Patch Deal Set With Experience Abu Dhabi
The New York Knicks tip off their season next week with high expectations after their best season in more than a decade and the addition of four-time All-Star…
Sphere to Open in Abu Dhabi After Vegas Success
James Dolan has long envisioned opening replicas of his Las Vegas Sphere in locations around the world, but he wanted financial allies for these costly projects, which…
UFC 306 at Sphere Pulls in Record $22M for UFC, Sphere
The first sports event at the Las Vegas Sphere produced the highest gross revenue for both the venue and UFC, as Saturday night’s 10-fight showcase pulled in $22 million…
Dana White Says $20 Million UFC Sphere Show Will Transform Sports
The UFC will host the first live sporting event inside Las Vegas’ $2.3 billion Sphere this Saturday. UFC president Dana White began dreaming about the concept last fall…
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