Madison Square Garden Sports Corp. is a holding company that owns and operates the New York Knickerbockers (NBA) and New York Rangers (NHL) professional sports franchises, along with their development league affiliates, with all primary teams playing at Madison Square Garden Arena. The company generates revenue through multiple streams including pro-rata shares of national and international media rights from the NBA and NHL, local media rights agreements, ticket sales from season memberships and individual game purchases, corporate sponsorships and suite agreements, and premium hospitality services at the arena. The company also operates a state-of-the-art training facility and benefits from its position in the New York metropolitan area, the largest media market in the United States, leveraging deep fan connections and integrated marketing partnerships to drive sponsorship, ticket, and hospitality revenue.