How NBA Playoffs Impact New York Knicks’ Revenue
The post How NBA Playoffs Impact New York Knicks’ Revenue appeared on BitcoinEthereumNews.com. New York Knicks guard Jalen Brunson (11) puts up a shot against Indiana Pacers forward Aaron Nesmith … More (23) in overtime of Game 1 of the NBA basketball Eastern Conference final, Wednesday, May 21, 2025, in New York. (AP Photo/Frank Franklin II) Copyright 2025 The Associated Press. All rights reserved. For the first time in a quarter century, the New York Knicks hosted an NBA Eastern Conference Finals game on Wednesday at Madison Square Garden. The sold-out crowd included A-list actors, comedians, musicians and former professional athletes. Mary J. Blige performed at halftime. All in all, it was a major night for a franchise that hadn’t advanced this far since 2000, although the game ended in disappointing and stunning fashion. The Knicks lost the series opener to the Indiana Pacers 138-135 in overtime, blowing an eight-point lead with less than 35 seconds remaining in regulation. The teams play again Friday night at MSG in a game that is important both from a competitive and financial perspective. The Knicks need a victory to erase the bad memories from Wednesday and ensure they will play at least one more home game this season. If the Knicks win, they will be assured of playing Game 5 next Thursday at MSG. The math is simple: the more home games, the better, to the tune of several million dollars of revenue per game. The Knicks did not disclose how much additional revenue the organization has generated during the playoffs run. However, Madison Square Garden Sports Corp., which owns the Knicks and the National Hockey League’s New York Rangers, saw a $71.8 million increase in playoff-related revenue for the fiscal year through June 30, 2024 compared with the previous year, according to the company’s 10-K filing with the Securities and Exchange Commission from last August.…
The post How NBA Playoffs Impact New York Knicks’ Revenue appeared on BitcoinEthereumNews.com.
New York Knicks guard Jalen Brunson (11) puts up a shot against Indiana Pacers forward Aaron Nesmith … More (23) in overtime of Game 1 of the NBA basketball Eastern Conference final, Wednesday, May 21, 2025, in New York. (AP Photo/Frank Franklin II) Copyright 2025 The Associated Press. All rights reserved. For the first time in a quarter century, the New York Knicks hosted an NBA Eastern Conference Finals game on Wednesday at Madison Square Garden. The sold-out crowd included A-list actors, comedians, musicians and former professional athletes. Mary J. Blige performed at halftime. All in all, it was a major night for a franchise that hadn’t advanced this far since 2000, although the game ended in disappointing and stunning fashion. The Knicks lost the series opener to the Indiana Pacers 138-135 in overtime, blowing an eight-point lead with less than 35 seconds remaining in regulation. The teams play again Friday night at MSG in a game that is important both from a competitive and financial perspective. The Knicks need a victory to erase the bad memories from Wednesday and ensure they will play at least one more home game this season. If the Knicks win, they will be assured of playing Game 5 next Thursday at MSG. The math is simple: the more home games, the better, to the tune of several million dollars of revenue per game. The Knicks did not disclose how much additional revenue the organization has generated during the playoffs run. However, Madison Square Garden Sports Corp., which owns the Knicks and the National Hockey League’s New York Rangers, saw a $71.8 million increase in playoff-related revenue for the fiscal year through June 30, 2024 compared with the previous year, according to the company’s 10-K filing with the Securities and Exchange Commission from last August.…
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