By Sabela OjeaMadison Square Garden Entertainment said its Finance Chief Michael Grau would be leaving the company after only a few months in the position. The sports holding company on Friday named Lee Weinberg as its interim financial chief, effective Nov. 20. Grau joined the company in February, but had assumed the financial chief responsibilities on April 1. Weinberg has served as the company's senior vice president of business and financial operations since the spinoff from Sphere Entertainment in April 2023. The corporate executive change comes about a week after Madison Square Garden Entertainment reported a 3.5% drop in revenue in its fiscal first quarter ended Sept. 30, but also narrower losses.

Source: Wall Street Journal November 16, 2024 23:18 UTC