Madison Square Garden Shares Have Trouble Scoring

The Knicks and Rangers owner reported a deep operating loss, putting shares on track for the biggest single-day decline on record

香蕉视频苹果下载Shares of Madison Square Garden Co., home to the New York Knicks basketball team, fell 8.9% on Tuesday, their biggest single-day decline on record, according to Dow Jones Market Data.

The company oversees famous venues including New York’s Madison Square Garden, Radio City Music Hall and Beacon Theatre and owns sports franchises including the Knicks and the New York Rangers hockey team. Hospitality group TAO Group, which oversees restaurants and clubs such as Tao, Marquee and Vandal, is also part of MSG’s umbrella.