SEC Comment Letter 0000000000-25-002513 to Madison Square Garden Sports Corp. (MSGS)
Madison Square Garden Sports Corp.
Date: March 6, 2025 · CIK: 0001636519 · Accession: 0000000000-25-002513
AI Filing Summary & Sentiment
File numbers found in text: 001-36900
Letter
March 6, 2025 Victoria M. Mink Executive Vice President, Chief Financial Officer and Treasurer Madison Square Garden Sports Corp. Two Penn Plaza New York, NY 10121 Re:Madison Square Garden Sports Corp. Form 10-K for Fiscal Year Ended June 30, 2024 File No. 001-36900 Dear Victoria M. Mink: We have reviewed your filing and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for Fiscal Year Ended June 30, 2024 Consolidated Financial Statements Consolidated Statements of Operations, page F-7 1.Please present revenues and direct operating expenses associated with tangible products, services and leasing activities separately, if they represent more than 10% of total revenues in any period presented. Revenues for items that represent less than 10% of total revenues may be aggregated with revenues for other items that also represent less than 10% of total revenues. Direct operating expenses should be combined in the same manner as the related revenues. Refer to Rules 5-03.1 and 5- 03.2 of Regulation S-X. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
March 6, 2025 Page 2 Please contact Valeria Franks at 202-551-7705 or Rufus Decker at 202-551-3769 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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March 6, 2025
Victoria M. Mink
Executive Vice President, Chief Financial Officer and Treasurer
Madison Square Garden Sports Corp.
Two Penn Plaza
New York, NY 10121
Re:Madison Square Garden Sports Corp.
Form 10-K for Fiscal Year Ended June 30, 2024
File No. 001-36900
Dear Victoria M. Mink:
We have reviewed your filing and have the following comment(s).
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for Fiscal Year Ended June 30, 2024
Consolidated Financial Statements
Consolidated Statements of Operations, page F-7
1.Please present revenues and direct operating expenses associated with tangible
products, services and leasing activities separately, if they represent more than 10% of
total revenues in any period presented. Revenues for items that represent less than
10% of total revenues may be aggregated with revenues for other items that also
represent less than 10% of total revenues. Direct operating expenses should be
combined in the same manner as the related revenues. Refer to Rules 5-03.1 and 5-
03.2 of Regulation S-X.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
March 6, 2025
Page 2
Please contact Valeria Franks at 202-551-7705 or Rufus Decker at 202-551-3769 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services