Irving Azoff buys MSG’s share of JV for $125m
Azoff MSG Entertainment is set to become the Azoff Company as the five-year joint venture between Madison Square Garden Company and Irving Azoff comes to an end
News By | 8 October 2018
Irving Azoff’s Azoff Music Management has agreed to acquire Madison Square Garden Company (MSG)’s 50% stake in the companies’ Azoff MSG Entertainment joint venture, formed in 2013.
Following the completion of the deal – which will see Azoff Music Management pay MSG US$125 million for its stake – the company will be rebranded the Azoff Company, and will continue to advise MSG on its venues, including the Forum in Los Angeles and the new MSG Sphere arenas in London and Las Vegas.
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