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<b xmlns="http://www.w3.org/1999/xhtml">Th...

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<b xmlns="http://www.w3.org/1999/xhtml">The $1 Million Dollar Donation is the Single Largest Donation in the History of the Garden of Dreams Foundation</b>

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Madison Square Garden Sports Corp. ("MSG Sports") announced today that $1 million has been raised for the Garden of Dreams Foundation through the Knicks fundraiser for two Celebrity Row seats at Game 3 of the NBA Finals Monday at The Garden. Leading global law firm Gibson, Dunn and Crutcher LLP ("Gibson Dunn") and preeminent private-equity firm Veritas Capital split the winning bid, totaling $1 million. The donation is the single largest donation in the history of the foundation and proceeds from the fundraiser will go directly to the Garden of Dreams Foundation.

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The Garden of Dreams Foundation is a non-profit organization that works with the MSG Family of Companies – MSG Entertainment, MSG Sports and Sphere Entertainment – to positively impact the lives of children facing obstacles. The Foundation works with 30 partner organizations throughout the tri-state area, including hospitals, wish organizations, and community-based organizations, to reach children who are facing challenges such as homelessness, extreme poverty, illness, and foster care.

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"We want to thank Gibson Dunn and Veritas Capital for their incredible generosity," said James Dolan, Executive Chairman and CEO, MSG Sports. "We're proud that we were able to offer this opportunity to benefit The Garden of Dreams Foundation. This $1 million donation will be an invaluable resource to continue to help shape the futures of the young people we serve."

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"Gibson Dunn is proud to partner with Veritas Capital in support of the Garden of Dreams Foundation," said Barbara Becker, Chair &amp; Managing Partner, Gibson Dunn. "Advocating for underserved youth has been a longstanding part of our firm's pro bono work, and this is a special moment to see that commitment extend into the Knicks community—and benefit the next generation of fans in the tri-state area."

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"The Garden of Dreams Foundation is one of the preeminent non-profit organizations in New York City," said Ramzi Musallam, CEO and Managing Partner, Veritas Capital. "The work they do for underprivileged youth align perfectly with our values at Veritas Capital and we're excited to play a role in helping their mission."

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This fundraiser follows the announcement that the Knicks are donating hundreds of free tickets to underprivileged youth throughout New York City for the 2026 NBA Finals. Garden of Dreams Foundation youth are receiving 250 tickets per home game – totaling at least 500 tickets across Games 3 and 4 – and 750 tickets total if there is a Game 6.

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<b xmlns="http://www.w3.org/1999/xhtml">About Madison Square Garden Sports Corp.
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY. More information is available at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.msgsports.com%2F&amp;esheet=54549247&amp;newsitemid=20260608555677&amp;lan=en-US&amp;anchor=msgsports.com&amp;index=1&amp;md5=5afad83123c5bee46e34e2fac1baf31b" shape="rect">msgsports.com</a>.

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<b xmlns="http://www.w3.org/1999/xhtml">About Contributions
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Contributions will support the work of the Garden of Dreams Foundation, a non-profit organization as described in section 501(a) of the Internal Revenue Code. A copy of the Garden of Dreams Foundation&#39;s most recently filed annual financial report is available from the website of the New York Attorney General's Charities Bureau at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.charitiesnys.com%2F&amp;esheet=54549247&amp;newsitemid=20260608555677&amp;lan=en-US&amp;anchor=www.charitiesnys.com&amp;index=2&amp;md5=e4f0ad3131bc3c98d4763a48c57d7b2e" shape="rect">www.charitiesnys.com</a> or upon request by contacting the Garden of Dreams Foundation at 2 Penn Plaza, 29<sup xmlns="http://www.w3.org/1999/xhtml">th</sup> Floor, New York, NY 10121

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260608555677r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260608555677/en/" rel="nofollow">https://www.businesswire.com/news/home/20260608555677/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml"><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:msgspr@msg.com" shape="rect">msgspr@msg.com</a></p>

MSGS

Knicks Announce $1 Million Raised for Garden of Dreams Foundation Through Fundraiser for Two Celebrity Row Seats

MSG Sports Philanthropy Milestone May Benefit Brand, Not Near-Term Earnings

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot; class=&quot;bwalignc&quot;&gt;
&lt;b xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;Th...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>MSG Sports announced a $1 million donation to the Garden of Dreams Foundation, the foundation’s largest ever, funded by Gibson, Dunn &amp; Crutcher and Veritas Capital. The funds support youth initiatives across the tri-state area, and accompany the Knicks’ plan to donate hundreds of 2026 Finals tickets to underprivileged youth. The move strengthens brand goodwill but is unlikely to shift MSGS fundamentals in the near term.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>MSG Sports raises $1M for Garden of Dreams Foundation. Largest in foundation history.</li><li>Gibson Dunn and Veritas Capital split the winning bid.</li><li>Funds go to Garden of Dreams Foundation; support for tri-state youth.</li><li>Knicks to donate hundreds of 2026 Finals tickets to underprivileged youth.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Madison Square Garden Sports Corp. (MSGS)</strong>: Announced the $1M donation; supports Garden of Dreams; potential branding/CSR benefits.</li><li><strong>Gibson, Dunn &amp; Crutcher LLP (N/A)</strong>: Co-sponsor of the donation; adds credibility to MSGS philanthropy; no direct stock impact.</li><li><strong>Veritas Capital (N/A)</strong>: Private equity sponsor of the bid; enhances donor profile but no immediate MSGS price impact.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The release centers on philanthropy tied to MSGS assets, signaling branding and community engagement advantages rather than fundamental earnings catalysts.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Brand goodwill from the donation could lift investor sentiment modestly.</li><li>Knicks&#039; Finals ticket program may improve fan engagement and near-term attendance signals.</li><li>No material near-term financial impact; mainly branding and community relations.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$1 million donation to Garden of Dreams Foundation.</li><li>Largest donation in Garden of Dreams Foundation history.</li><li>Donors: Gibson, Dunn &amp; Crutcher and Veritas Capital.</li><li>Garden of Dreams youth tickets: 250 per home game; at least 500 across Games 3 and 4; 750 if Game 6.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>MSGS could see a shallow positive sentiment lift from brand goodwill, but no near-term earnings impact.</p>
  </section>
</section>


<article>
  <p><strong>The $1 Million Dollar Donation is the Single Largest Donation in the History of the Garden of Dreams Foundation</strong></p>
  <p>Madison Square Garden Sports Corp. (MSGS) announced today that <strong>$1 million</strong> has been raised for the Garden of Dreams Foundation through the Knicks fundraiser for <em>two Celebrity Row seats</em> at Game 3 of the NBA Finals Monday at The Garden. Leading global law firm Gibson, Dunn and Crutcher LLP (<em>Gibson Dunn</em>) and preeminent private-equity firm Veritas Capital split the winning bid, totaling <strong>$1 million</strong>. The donation is the single largest donation in the history of the foundation and proceeds from the fundraiser will go directly to the Garden of Dreams Foundation.</p>

  <section>
    <h2>Foundation Overview and Partners</h2>
    <p>The Garden of Dreams Foundation is a non-profit organization that works with the MSG Family of Companies – MSG Entertainment, MSG Sports and Sphere Entertainment – to positively impact the lives of children facing obstacles. The Foundation works with 30 partner organizations throughout the tri-state area, including hospitals, wish organizations, and community-based organizations, to reach children who are facing challenges such as homelessness, extreme poverty, illness, and foster care.</p>
  </section>

  <section>
    <h2>Executive and Corporate Perspectives</h2>
    <p>"We want to thank Gibson Dunn and Veritas Capital for their incredible generosity," said James Dolan, Executive Chairman and CEO, MSG Sports. "We're proud that we were able to offer this opportunity to benefit The Garden of Dreams Foundation. This $1 million donation will be an invaluable resource to continue to help shape the futures of the young people we serve."</p>
    <p>"Gibson Dunn is proud to partner with Veritas Capital in support of the Garden of Dreams Foundation," said Barbara Becker, Chair &amp; Managing Partner, Gibson Dunn. "Advocating for underserved youth has been a longstanding part of our firm's pro bono work, and this is a special moment to see that commitment extend into the Knicks community—and benefit the next generation of fans in the tri-state area."</p>
    <p>"The Garden of Dreams Foundation is one of the preeminent non-profit organizations in New York City," said Ramzi Musallam, CEO and Managing Partner, Veritas Capital. "The work they do for underprivileged youth align perfectly with our values at Veritas Capital and we're excited to play a role in helping their mission."</p>
  </section>

  <section>
    <h2>Ticket Donations and Finals Support</h2>
    <p>This fundraiser follows the announcement that the Knicks are donating hundreds of free tickets to underprivileged youth throughout New York City for the 2026 NBA Finals. Garden of Dreams Foundation youth are receiving 250 tickets per home game – totaling at least 500 tickets across Games 3 and 4 – and 750 tickets total if there is a Game 6.</p>
  </section>

  <section>
    <h2>Key Facts</h2>
    <ul>
      <li>Donation amount: <strong>$1 million</strong> — the single largest donation in the history of the Garden of Dreams Foundation.</li>
      <li>Event details: Knicks fundraiser for <em>two Celebrity Row seats</em> at Game 3 of the NBA Finals at The Garden.</li>
      <li>Donors: Gibson, Dunn and Crutcher LLP and Veritas Capital.</li>
      <li>Ticket donation: Garden of Dreams Foundation youth receive <strong>250 tickets per home game</strong>, totaling <strong>500 tickets</strong> across Games 3 and 4, with <strong>750 tickets</strong> total if there is a Game 6.</li>
    </ul>
  </section>

  <section>
    <h2>About Madison Square Garden Sports Corp. (MSGS)</h2>
    <p>Madison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center – the MSG Training Center in Greenburgh, NY. More information is available at <a href="https://www.msgsports.com" rel="nofollow">msgsports.com</a>.</p>
  </section>

  <section>
    <h2>About Contributions</h2>
    <p>Contributions will support the work of the Garden of Dreams Foundation, a non-profit organization as described in section 501(a) of the Internal Revenue Code. A copy of the Garden of Dreams Foundation's most recently filed annual financial report is available from the website of the New York Attorney General's Charities Bureau at <a href="https://www.charitiesnys.com" rel="nofollow">www.charitiesnys.com</a> or upon request by contacting the Garden of Dreams Foundation at 2 Penn Plaza, 29th Floor, New York, NY 10121</p>
  </section>

  <section>
    <h2>Source</h2>
    <p>View source version on Business Wire: <a href="https://www.businesswire.com/news/home/20260608555677/en/" rel="nofollow">https://www.businesswire.com/news/home/20260608555677/en/</a></p>
  </section>
</article>

MSG Sports announced a $1 million donation to the Garden of Dreams Foundation, the foundation’s largest ever, funded by Gibson, Dunn & Crutcher and Veritas Capital. The funds support youth initiatives across the tri-state area, and accompany the Knicks’ plan to donate hundreds of 2026 Finals tickets to underprivileged youth. The move strengthens brand goodwill but is unlikely to shift MSGS fundamentals in the near term.

Knicks Announce $1 Million Raised for Garden of Dreams Foundation Through Fundraiser for Two Celebrity Row Seats

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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