Cost Analysis of Madison Square Garden Sports Corp

DOI

10.2991/aebmr.k.220306.026How to use a DOI?

Keywords

MSGS; NBA&NHL (National Hockey League); Cost analysis; COVID-19

Abstract

Madison Square Garden Sports Corp. (NYSE: MSGS) is a mature company in the sports industry, especially in basketball and hockey. Despite the poor performance of the New York Knicks from 2013 to last year, the team has still been worth the highest value of all National Basketball Association (NBA) teams in the past years. Its home court, Madison Square Garden, is honored as “Mecca of basketball”. Consequently, the team and the company draw the interest of many people. The purpose of this cost analysis is to set a reasonable budget and strategic plan for the corporation, so the cost analysis will extend organization-wide and be from the perspective of the business operators to determine whether modification or improvements can be applied to current operational decisions inside the company. After analyzing the cost structure of MSGS, the corporation is found to be actually promising despite its current operating loss. With the operating loss decreasing from $93,866,000 last year to $78,443,000 this year, the corporation is believed to recover from the serious COVID-19 situations last year and to progress for the better.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Jin’an Pan
PY  - 2022
DA  - 2022/03/17
TI  - Cost Analysis of Madison Square Garden Sports Corp
BT  - Proceedings of the 7th International Conference on Economy, Management, Law and Education (EMLE 2021)
PB  - Atlantis Press
SP  - 161
EP  - 165
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220306.026
DO  - 10.2991/aebmr.k.220306.026
ID  - Pan2022
ER  -