The New York Knicks are hot. The New York Rangers are hot. Both groups are near the top of the standings in their particular leagues, had actually several gamers called to All-Star teams, and have an actually great shot of making their particular playoffs. Madison Square Garden (MSG), the location where both groups play their video games, reported in its quarterly profits Tuesday (Feb. 6) that all the interest is appearing on the business’s journals, which revealed $37 million in earnings on $327 million in profits.
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“Average per-game earnings for almost every secret earnings classification– consisting of tickets, suites, food, drink and product– went beyond outcomes for the previous year duration,” the business reported.
Due to the fact that of the method that the National Basketball Association and the National Hockey League laid out their schedules this year, the Knicks and Rangers together played 9 less home video games than they did throughout the exact same quarter last year. Now MSG is blaming the journey for an 8% dip in earnings, or $27 million.
No butts in seats, no dollars for sports
Knick Jalen Brunson dropped 50 points for a profession high? Regrettable it took place in Phoenix. MSG ticket sales were down $19 million. Ranger Artemi Panarin managed his 2nd three-goal hat technique of the season? Regrettable it took place in Tampa Bay. Suite earnings were down $6 million and sponsorship dollars were down another $6 million.
Thankfully for MSG, the Knicks are playing 5 more home video games this quarter than they did last year– and the Rangers at home the exact same quantity– so perhaps that will permit the Garden to make up for lost ground.
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