Why Manchester City offered Erling Haaland the longest contract in Premier League history 
Oil Prices Hold Steady in Asia as Geopolitical Tensions Support Market 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 
NBA Returns to China with Alibaba Partnership and Historic Macau Games 
Gold and Silver Hit Record Highs as Safe-Haven Demand Surges Amid Global Uncertainty 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
Native American Groups Slam Trump’s Call to Restore Redskins Name 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
Oil Prices Rise on Venezuela Sanctions and Nigeria Airstrikes Despite Annual Losses 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Apple Eyes U.S. Formula 1 Broadcast Rights in Major Sports Streaming Push 
US and Japan Fast-Track $550 Billion Strategic Investment Initiative 
Madison Square Garden (MSG) Sports posted a US$24.1 million revenue for its fiscal first quarter of 2023, increasing 28 percent or US$5.3 million on-year.
The owner of NBA’s New York Knicks and NHL’s Rangers cited solid sponsorship demand this was both in terms of signing new deals, as well as agreeing to partnership renewals for the revenue uptick.
The extensions and sales of suite licenses strongly contributed to the quarter, up by US$1.5 million on year.
Because the average revenue per game increased, preseason ticket-related revenues increased by US$1.1 million over the previous year. Additionally, league distribution income rose by $900,000.
For the 2022–2023 seasons, the average season ticket renewal rates for the Knicks and Rangers together are higher than 90 percent. Additionally, it stated that season ticket package sales continue to bring in sizable revenue and predicted further increases in local and national media rights fees for the upcoming fiscal year 2023.
Nevertheless, MSG Sports reported an adjusted operating loss of $27.3 million, which was an increase of 3 percent reported over the same period last year.
The losses were due to an increase of $11.6 million in selling, general, and administrative expenditures. MSG Sports attributed the increase primarily to higher staff pay and benefits after restoration to regular operations following the pandemic.
