Madison Square Garden Splits Into Two Companies
Sports venues now operated independently of concert venues
Posted On: April 20, 2020 By :The Madison Square Garden Corporation has officially completed its spinoff into two companies, MSG Sports and MSG Entertainment with both listed and traded independently on the New York Stock Exchange.
The spinoff was completed on April 17. Victoria Mink will continue in her role at MSG Sports as executive vice president and chief financial officer. MSG Entertainment named Mark FitzPatrick as executive vice president and chief financial officer while Andrew Lustgarten will serve as president of MSG Entertainment.
“While the current environment presents significant challenges to our industry, we are confident in the future and look forward to MSG Entertainment building on its reputation as a leader in live experiences,” said James L. Dolan, executive chairman and CEO of MSG Entertainment. “We are also very pleased to welcome Mark, a talented corporate finance executive who brings extensive experience working with well-known companies. We believe he is the ideal executive to help guide MSG Entertainment as we continue to pursue excellence across our operations.”