Michele Michaels

Michele Michaels

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The Sphere Deep in Debt: Bankruptcy Mentioned

Sphere Lights Up Las Vegas Skyline

Photo: Ethan Miller / Getty Images News / Getty Images

There's nothing like it on Earth--The Sphere in Las Vegas, the one of a kind entertainment venue has been giving people an experience that just about everyone raves about since it opened in September of 2023...its unmatched sight and sound experience for concerts and other events had people clamoring for tickets in the early days of the venue, but now, tickets that were almost impossible to get are now often readily available the day of a show....to complicate things, with the Sphere's $2.3 billion dollar construction price tag and immense operating costs, a report came out late last month that the venue's parent company, Sphere Entertainment, is $1.5 million in debt--The parent company is made up of the Sphere venue itself, and MSG Networks, the company that broadcasts sports teams like the New York Knicks, Rangers, and Jersey Devils, and MSG is currently $800 million in debt...here's more on the financials of this, and whether bankruptcy is imminent: https://ultimateclassicrock.com/sphere-venue-company-bankrupt/


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