Congress Asset Management Acquires Stake in Madison Square Garden Entertainment Corp.
Congress Asset Management Co. has acquired new holdings in Madison Square Garden Entertainment Corp. ($MSGE).
Madison, WI, October 7, 2026 —
Congress Asset Management Co. has announced the acquisition of new holdings in Madison Square Garden Entertainment Corp., a company publicly traded under the ticker symbol $MSGE. The details regarding the specific nature or extent of these newly acquired holdings were not immediately available.
Madison Square Garden Entertainment Corp. is known for its ownership and operation of iconic venues such as Madison Square Garden arena in New York City, as well as the Hulu Theater at Madison Square Garden, and Radio City Music Hall. The company also holds significant interests in the sports and entertainment industry, including its stake in the New York Knicks and the New York Rangers.
The acquisition by Congress Asset Management Co. represents a new investment in the entertainment and venue management sector. The exact size and value of the acquired stake, including the number of shares or the investment amount, have not been disclosed. Similarly, the timing of the acquisition or whether it represents a significant shift in Congress Asset Management Co.’s portfolio strategy remains to be detailed.
Further information concerning the strategic implications of this investment for both Congress Asset Management Co. and Madison Square Garden Entertainment Corp. is anticipated. The financial markets will likely be observing any further developments or statements from either entity regarding this transaction. No specific statements or quotes from representatives of Congress Asset Management Co. or Madison Square Garden Entertainment Corp. regarding this development have been released publicly at this time.
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