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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Current Assets:    
Cash and cash equivalents $ 96,536 $ 89,136
Restricted cash [1] 8,500 5,771
Prepaid expenses 35,297 30,956
Other current assets 39,761 25,043
Total current assets 319,287 216,942
Property and equipment, net of accumulated depreciation and amortization of $52,813 and $52,281 as of March 31, 2025 and June 30, 2024, respectively 29,407 28,541
Right-of-use lease assets 763,469 694,566
Indefinite-lived intangible assets 103,644 103,644
Goodwill 226,523 226,523
Investments 53,425 62,543
Other assets 8,743 13,533
Total assets 1,504,498 1,346,292
Current Liabilities:    
Debt 24,000 30,000
Accrued liabilities:    
Employee related costs 138,962 133,930
League-related accruals 170,159 120,876
Other accrued liabilities 53,652 21,613
Operating lease liabilities, current [2] 51,015 50,267
Deferred revenue 165,923 148,678
Total current liabilities 617,189 521,982
Long-term debt 267,000 275,000
Operating lease liabilities, noncurrent [2] 848,534 749,952
Defined benefit obligations 944 4,103
Other employee related costs 47,257 43,493
Deferred tax liabilities, net 6,305 16,925
Deferred revenue, noncurrent 718 1,147
Total liabilities 1,787,947 1,612,602
Commitments and contingencies (see Note 11)
Madison Square Garden Sports Corp. Stockholders’ Equity:    
Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of March 31, 2025 and June 30, 2024 0 0
Additional paid-in capital 11,855 19,079
Treasury stock, at cost, 961 and 1,025 shares as of March 31, 2025 and June 30, 2024, respectively (158,826) (169,547)
Accumulated deficit (135,816) (115,139)
Accumulated other comprehensive loss (911) (952)
Total equity (283,449) (266,310)
Total liabilities and equity 1,504,498 1,346,292
Class A Common Stock    
Madison Square Garden Sports Corp. Stockholders’ Equity:    
Common stock, value issued 204 204
Class B Common Stock    
Madison Square Garden Sports Corp. Stockholders’ Equity:    
Common stock, value issued 45 45
Nonrelated Party    
Current Assets:    
Accounts receivable, net 110,044 33,781
Current Liabilities:    
Accounts payable 6,948 9,900
Related Party    
Current Assets:    
Accounts receivable, net 29,149 32,255
Current Liabilities:    
Accounts payable $ 6,530 $ 6,718
[1] Restricted cash as of March 31, 2025, June 30, 2024 and March 31, 2024 included cash deposited in an escrow account (see Note 2 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 for more information).
[2] As of March 31, 2025, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $44,437 and $817,504, respectively, that are payable to MSG Entertainment. As of June 30, 2024, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $43,689 and $715,507, respectively, that are payable to MSG Entertainment.