• Loading stock data...
Monday, October 27, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here
Law

Judge Tosses $1.8B MSG Lawsuit

Madison-Square-Garden-Insurance
Wendell Cruz-USA TODAY Sports/Design: Alex Brooks

After requesting nearly $2 billion for COVID-19-related losses, a judge ruled that owners of Madison Square Garden, the New York Knicks, New York Rangers, and other related entities are limited to just $1 million in insurance coverage.

MSG and its companies sued four insurers in March, demanding access to $1.8 billion in coverage as part of their insurance policies.

In May, the insurers bid to drop the suit, stating that it was invalid since no “physical damage” was caused as part of the financial losses. MSG and the others persisted in their efforts anyway.

On Friday, the judge dismissed the lawsuit, ruling in favor of the $1 million limit under a “communicable diseases” provision. The number is small compared to MSG’s first-quarter operating loss of $83.3 million.

COVID-19 Insurance Lawsuits

Madison Square Garden isn’t the only sports-related entity to sue regarding pandemic insurance.

  • MLB and all its teams sued their insurers, with the league saying it purchased policies to cover more than $1.6 billion in losses for any one “occurrence.”
  • The NHL and 20 of its teams sued five insurance companies in June 2021 for failing to reimburse more than $1 billion in losses.

News of the NHL’s lawsuit surfaced last week despite being filed in June 2021.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Blue Jays’ World Series Run Is Just Part of Rogers’ Big Sports..

Buying more MLSE equity and a recapitalization of sports assets are planned.
Rob Manfred

Canada Could Get MLB Expansion Team, Manfred Says

The league has noted fast-rising fan interest north of the border. 

MLB Union Chief on Alert As NBA Gambling Scandal Unfolds

The union leader addresses labor and gambling-related concerns.

Knicks Send Mamdani Cease-and-Desist Over Campaign Ad

The Mamdani campaign said it is adjusting the ad.

Featured Today

September 21, 2025; Santa Clara, California, USA; NFL commissioner Roger Goodell before the game between the San Francisco 49ers and the Arizona Cardinals at Levi's Stadium

NFL Fall Meeting: 7 Big Topics Among Team Owners 

Media, facilities, and labor highlight some of the key areas of concern.
Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin
October 25, 2025

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
Christie's
October 21, 2025

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
Terry Rozier

NBA Strongly Denies Quietly Suspending Terry Rozier in 2023

Brian Windhorst appeared to walk back his comments Friday morning.
Chicago Bulls
October 23, 2025

NBA Betting Scandal Goes Far Beyond Terry Rozier and Damon Jones

A federal indictment suggests information about several teams was being sold.
Rozier
October 23, 2025

Terry Rozier and Chauncey Billups Will Fight Gambling Cases

Both disputed prosecutors’ versions of events Thursday night.
Sponsored

How HOKA is Reimagining the NIL Relationship

Fans can now follow their favorite golfers and experience every marquee moment at the Ryder Cup — thanks to innovation from T-Mobile.
Billups
October 23, 2025

Chauncey Billups Played Key Role in Elaborate Poker Fraud, FBI Says

Billups and Jones attracted victims to play rigged games, the FBI says.
LeBron James
October 23, 2025

Read the Terry Rozier ‘NBA Insider Trading’ Indictment

Rozier and Damon Jones are accused of selling inside information.
Chauncey Billups
October 23, 2025

Read the Chauncey Billups ‘Rigged’ Poker Indictment

Billups is accused of involvement in a rigged poker game.
Oct 16, 2025; Salt Lake City, Utah, USA; Portland Trail Blazers head coach Chauncey Billups gives instructions to his team during the first half against the Utah Jazz at Delta Center.
October 23, 2025

Chauncey Billups Is Rare Pro Coach Involved in Gambling Scandal

The recent string of gambling scandals have centered on athletes.