Madison Square Garden Shares Have Trouble Scoring

Shares of Madison Square Garden Co., home to the New York Knicks basketball team, fell 9.3% in recent trading Tuesday, on track for the biggest single-day decline on record, according to Dow Jones Market Data.

The company oversees famous venues like New York’s Madison Square Garden, Radio City Music Hall and Beacon Theatre and owns sports franchises including the Knicks and the New York Rangers hockey team. Hospitality group TAO Group, which oversees restaurants and clubs like Tao, Marquee and Vandal, is also part of MSG’s…

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