As expected, with Madison Square Garden forced to shut its doors to sports and entertainment events due to the coronavirus pandemic that has ravaged New York City, the most recent financial results of Madison Square Garden Entertainment tell a grim tale.
Madison Square Garden Entertainment (MSGE) posted its first financial filing on Monday since being split into a separate company from MSG Sports in April.
The results for the third quarter ending March 31, 2020 provide a rare glimpse into the operations of a professional sports company in the face of a global pandemic.
Most teams are privately owned, and lack transparency in reporting financial results.