As of September 30, 2026, the Company’s leases primarily consisted of the lease of the Company’s principal executive offices at Two Pennsylvania Plaza in New York under the Sublease Agreement with MSG Entertainment (as defined below) and a lease agreement for an aircraft. In addition, the Company accounts for the rights of use of The Garden pursuant to the Arena License Agreements (as defined below) as leases under ASC Topic 842, Leases. See Note 8 to the consolidated financial statements included in our 2026 Form 10-K for more information regarding the Company’s accounting policies associated with its leases.

During the second quarter of fiscal year 2025, the Company amended and restated its prior sublease agreement with MSG Entertainment (the “Prior Sublease Agreement”) to enter into a short-term lease for new principal executive offices through December 31, 2024.

In January 2025, the Company entered into a new sublease agreement with MSG Entertainment for new principal executive offices at Two Pennsylvania Plaza in New York with a lease term which ends January 31, 2046 (the “New Sublease Agreement” and together with the Prior Sublease Agreement, the “Sublease Agreement”) and fixed lease payment obligations of $167,444 over the lease term. The Company recorded a lease right-of-use asset and liability based on the present value of minimum fixed lease payments over the lease term utilizing the Company’s incremental borrowing rate as of the lease commencement date. In addition, the Company entered into a commitment whereby if MSG Entertainment’s lease for principal executive offices at Two Pennsylvania Plaza in New York were terminated under certain circumstances, the Company would be required to enter into a new lease for executive offices at Two Pennsylvania Plaza directly with the landlord, with a consistent lease term ending January 31, 2046.

As of September 30, 2026, the Company’s existing operating leases, which are recorded in the Financial Statements, have remaining lease terms ranging from 5 to 29 years. In certain instances, leases include options to renew, with varying option terms. The exercise of lease renewals, if available under the lease options, is generally at the Company’s discretion and is considered in the Company’s assessment of the respective lease term. The Company’s lease agreements do not contain material residual value guarantees or material restrictive covenants.


	Line Item in the Consolidated Balance Sheet	September 30, 2026		June 30, 2026
Right-of-use assets:
Operating leases	Right-of-use lease assets	$	738,526	$	740,576
Lease liabilities:
Operating leases, current (a)	Operating lease liabilities, current	$	58,682	$	57,834
Operating leases, noncurrent (a)	Operating lease liabilities, noncurrent	831,373		843,975
Total lease liabilities		$	890,055	$	901,809

(a)As of September 30, 2026, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $52,103 and $807,619, respectively, that are payable to MSG Entertainment. As of June 30, 2026, Operating lease liabilities, current and Operating lease liabilities, noncurrent included balances of $51,255 and $818,966, respectively, that are payable to MSG Entertainment.


	Line Item in the Consolidated Statement of Operations	Three Months Ended September 30,
		2026		2025
Operating lease costs	Direct operating expenses	$	1,311	$	1,311
Operating lease costs	Selling, general and administrative expenses	3,693		3,693


Total lease cost		$	5,004	$	5,004

The weighted average remaining lease term for operating leases recorded in the accompanying consolidated balance sheets as of September 30, 2026 and June 30, 2026 was 27.0 years and 27.2 years, respectively. The weighted average discount rate was 7.05% as of September 30, 2026 and June 30, 2026.


Fiscal year ending June 30, 2027 (remainder)	$	45,009
Fiscal year ending June 30, 2028	62,388
Fiscal year ending June 30, 2029	63,874
Fiscal year ending June 30, 2030	65,361
Fiscal year ending June 30, 2031	67,164
Thereafter	1,996,771
Total lease payments	2,300,567
Less imputed interest	(1,410,512)
Total lease liabilities	$	890,055