NY Knicks Success a Win for Lenders Who Propped Up Broadcaster

Just a year before the New York Knicks rode a double-digit winning streak to the NBA Finals, the company that broadcasts its games was thrown a lifeline to avoid a potential bankruptcy filing. Now, the lenders who backed that restructuring are likely cheering on the team’s success.

The Knicks’ playoff run is a potential boon for MSG Networks Inc., part of Sphere Entertainment Co., the company controlled by team owner James Dolan. The nationally televised Finals won’t give it any direct revenue, but the team’s winning ways could drive cable and streaming subscriptions from a large, die-hard ...