Brandon Ross's questions to Madison Square Garden Sports (MSGS) leadership • Q4 2024
Question
Asked for an update on capital return plans, including potential share buybacks, and how the situation with MSG Networks influences these plans. Also inquired if selling a minority stake in the teams is still being considered.
Answer
The company's capital allocation priorities remain liquidity, maintaining a strong balance sheet via debt paydown, and opportunistically using cash, with all options including buybacks open. The RSN situation is being evaluated. Regarding a minority stake sale, while it's never ruled out, there is nothing to report at this time.