The Madison Square Garden Company
As President of The Madison Square Garden Company (MSG), Andrew Lustgarten is responsible for driving both internal and external opportunities for growth. He oversees MSG’s entertainment and sports bookings and productions businesses, as well as all aspects of the business operations of the Company’s professional sports franchises. In addition, Mr. Lustgarten drives the Company’s corporate development activities, including new strategic opportunities, initiatives and partnerships, as well as the Company’s plans to build state-of-the-art venues, called MSG Sphere, in Las Vegas and London.
The Company’s signature assets consist of some of the nation’s most dynamic and powerful sports and entertainment brands. This diverse collection of properties includes a portfolio of iconic venues: New York’s Madison Square Garden, The Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, California; The Chicago Theatre; and the Wang Theatre in Boston. In addition, MSG owns and operates professional sports teams, the New York Knicks, Rangers and Liberty; and entertainment properties, including the Christmas Spectacular Starring the Radio City Rockettes; and is part of strategic partnerships – Azoff MSG Entertainment and Tribeca Enterprises.
Before being named President in 2017, Mr. Lustgarten served for three years as Executive Vice President of Corporate Development and Strategy and, during that time, was responsible for a variety of critical areas. He effectively oversaw MSG’s live operations, including its bookings businesses at all of the Company’s iconic venues. In addition, he was responsible for diversifying MSG’s portfolio of live offerings, overseeing MSG’s acquisitions of controlling interests in TAO Group, a world-renowned hospitality group; Boston Calling Events, which produces the premier Boston Calling Music Festival; and Counter Logic Gaming, a leading North American esports organization; as well as the Company’s purchase of a minority stake in Townsquare Media, a media, entertainment and digital marketing solutions company. Mr. Lustgarten also played an integral role in the Company’s investment in and expansive marketing partnership with DraftKings, the fantasy sports giant, and has introduced innovative new opportunities such as bringing the first-ever esports events to The Garden and spearheading strategic investments in virtual reality leaders, Jaunt and NextVR.
Previously, Mr. Lustgarten spent seven years at the National Basketball Association, where he served as Senior Vice President, Global Strategy, and before that, Special Assistant to the Commissioner. He played a key role in the negotiation of the league’s landmark media rights deals in 2014 and its collective bargaining agreement. He oversaw the NBA’s global strategy group, which focuses on the league’s global initiatives, media opportunities and new ventures, including equity investment structuring. Mr. Lustgarten was also involved in numerous strategic initiatives, including the league’s revenue sharing plan, the formation of a $253 million external investment in NBA China, and the investment in one-day fantasy sports operator FanDuel. Prior to joining the NBA, Mr. Lustgarten worked at Cablevision Systems Corporation in finance and in investment banking at Bear Stearns & Co.
In March 2014, Mr. Lustgarten was named to Sports Business Journal’s Forty Under 40 list of the most influential executives in sports under 40 years old. He is on the board of directors of TAO Group, Boston Calling Events, Counter Logic Gaming and Tribeca Enterprises. He is also on the boards of the Garden of Dreams Foundation, a non-profit organization that works closely with all areas of MSG to positively impact the lives of children facing obstacles, and the Lustgarten Foundation for Pancreatic Cancer Research, the nation’s largest private supporter of pancreatic cancer research. In addition, Mr. Lustgarten serves on the board of governors for the National Basketball Association and the National Hockey League on behalf of the New York Knicks and New York Rangers.
Mr. Lustgarten earned an M.B.A. from Columbia Business School, with concentrations in finance and management, and received a Bachelor’s degree in Economics from the University of Pennsylvania. He lives in New York with his wife and three children.