The following table summarizes the composition and amounts of the transactions with the Company’s related parties. These amounts are reflected in revenues and operating expenses in the consolidated statements of operations for Fiscal Years 2026, 2025 and 2024:


	Years Ended June 30,
	2026		2025		2024
Revenues:
Revenues under Arena License Agreements	$	68,068	$	68,068	$	68,068
Revenues under sponsorship sales and service representation agreements with MSG Sports	21,119		20,523		19,481
Merchandise sharing revenues with MSG Sports	11,197		7,292		7,200
Sublease revenue from related parties	10,481		11,282		3,758
Other revenues	3,176		2,610		$	3,328
Total revenues	$	114,041	$	109,775	$	101,835
Operating credits (expenses):
Revenue sharing expenses (a)	(23,580)		(21,306)		(21,567)
Reimbursement under Arena License Agreements	31,670		29,559		25,107
Cost reimbursement from MSG Sports	40,163		37,243		37,409
Cost reimbursement from Sphere Entertainment	62,106		78,534		108,767
Other operating credits (expenses), net	5,816		(1,210)		824
Total operating credits, net (b)	$	116,175	$	122,820	$	150,540

(a) Amounts exclude revenue sharing expenses of $137,260, $125,702 and $115,026 related to MSG Sports suites revenue sharing for Fiscal Years 2026, 2025 and 2024, respectively, and are recorded in Direct operating expenses in the consolidated statements of operations.

(b) Of the total operating credits (expenses), net, $4,661, $5,866 and $(1,453) of net credits (expenses) for Fiscal Years 2026, 2025 and 2024, respectively, are recorded in Direct operating expenses in the consolidated statements of operations, and $111,514, $116,954 and $151,993 of net credits for Fiscal Years 2026, 2025 and 2024, respectively, are recorded in Selling, general and administrative expenses in the consolidated statements of operations.