James Dolan, government chairman/CEO of MSG Leisure, will lead the New York-based reside occasions firm for one more three years. Dolan obtained a brand new contract that may preserve him at MSG Leisure by way of June 2027, the corporate revealed on Friday (June 21) in a regulatory submitting.
Dolan, who can be the CEO of each MSG Sports activities and Sphere Leisure Co., will probably be paid a base wage of $1.5 million per yr for main MSG Leisure and may have a possibility to make an annual bonus as much as 200% of his wage, in keeping with the submitting. He will even take part within the firm’s long-term incentive plan. Starting with the fiscal yr beginning July 1, 2024, he’s anticipated to obtain a number of incentive awards with a goal worth of not less than $8.6 million, the submitting provides.
Within the fiscal yr ended June 30, 2023, Dolan earned complete compensation of $9.3 million from MSG Leisure. His compensation from Sphere Leisure, which spun off from MSG Leisure in 2023 forward of the launch of the Sphere venue in Las Vegas in September, amounted to $16.3 million. As well as, Dolan earned a complete of $11 million from MSG Sports activities.
MSG Leisure owns the venues Madison Sq. Backyard, The Theater at Madison Sq. Backyard, Radio Metropolis Music Corridor, Beacon Theatre and The Chicago Theatre. It additionally produces the Christmas Spectacular manufacturing that includes the Radio Metropolis Rockettes. In fiscal yr 2023, MSG Leisure says it hosted over 5 million company at almost 900 reside occasions.
