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    SEC Form SC 13G/A filed by Madison Square Garden Sports Corp. (Amendment)

    2/14/23 4:01:35 PM ET
    $MSGS
    Services-Misc. Amusement & Recreation
    Consumer Discretionary
    Get the next $MSGS alert in real time by email
    SC 13G/A 1 kl1767203_sc13ga.htm AMENDMENT NO. 3



     
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
     
    Washington, D.C. 20549
     
    SCHEDULE 13G
     
    Under the Securities Exchange Act of 1934
     
    (Amendment No. 3)*
     
    Madison Square Garden Sports Corp.
    (Name of Issuer)
     
    Class A Common Stock
    (Title of Class of Securities)
     
    55825T103
    (CUSIP Number)
     
    December 31, 2022
    (Date of Event which Requires Filing of this Statement)
     
     
    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
     
    ☐ Rule 13d-1(b)
    ☒ Rule 13d-1(c)
    ☐ Rule 13d-1(d)
     
    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
     
    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

    CUSIP No.: 55825T103
     
     
     
     
     
    1
    NAME OF REPORTING PERSON
     
    NNS Holding
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
     
    (a)  ☐
    (b)  ☐
    3
    SEC USE ONLY
                       
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Cayman Islands
    NUMBER OF SHARES
    BENEFICIALLY OWNED
    BY EACH REPORTING
    PERSON WITH
    5
    SOLE VOTING POWER
       
    132,596
    6
    SHARED VOTING POWER
       
    0
    7
    SOLE DISPOSITIVE POWER
        
    132,596
    8
    SHARED DISPOSITIVE POWER
        
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    132,596
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
                              
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    0.68% (1)
    12
    TYPE OF REPORTING PERSON
     
    CO
     
    (1) Based on 19,415,000 shares of Class A Common Stock outstanding as of December 31, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on February 7, 2023.
     


    CUSIP No.: 55825T103
     
     
     
     
    1
    NAME OF REPORTING PERSON
     
    NNS Holding (Cyprus) Ltd
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
     
    (a) ☐
    (b) ☐
    3
    SEC USE ONLY
                      
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Cyprus
    NUMBER OF SHARES
    BENEFICIALLY OWNED
    BY EACH REPORTING
    PERSON WITH
    5
    SOLE VOTING POWER
        
    132,596
    6
    SHARED VOTING POWER
        
    0
    7
    SOLE DISPOSITIVE POWER
        
    132,596
    8
    SHARED DISPOSITIVE POWER
        
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    132,596
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
                        
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    0.68% (1)
    12
    TYPE OF REPORTING PERSON
     
    CO
     
    (1) Based on 19,415,000 shares of Class A Common Stock outstanding as of December 31, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on February 7, 2023.
     


    CUSIP No.: 55825T103
     
     
     
     
    1
    NAME OF REPORTING PERSON
     
    NNS Ltd
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
     
    (a) ☐
    (b) ☐
    3
    SEC USE ONLY
                            
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Cayman Islands
    NUMBER OF SHARES
    BENEFICIALLY OWNED
    BY EACH REPORTING
    PERSON WITH
    5
    SOLE VOTING POWER
        
    132,596
    6
    SHARED VOTING POWER
        
    0
    7
    SOLE DISPOSITIVE POWER
        
    132,596
    8
    SHARED DISPOSITIVE POWER
        
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    132,596
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
                        
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    0.68% (1)
    12
    TYPE OF REPORTING PERSON
     
    CO
     
    (1) Based on 19,415,000 shares of Class A Common Stock outstanding as of December 31, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on February 7, 2023.
     


    CUSIP No.: 55825T103
     
     
     
     
    1
    NAME OF REPORTING PERSON
     
    Nassef Sawiris
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
     
    (a) ☐
    (b) ☐
    3
    SEC USE ONLY
                      
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     Belgium
    NUMBER OF SHARES
    BENEFICIALLY OWNED
    BY EACH REPORTING
    PERSON WITH
    5
    SOLE VOTING POWER
        
    0
    6
    SHARED VOTING POWER
        
    132,596
    7
    SOLE DISPOSITIVE POWER
        
    0
    8
    SHARED DISPOSITIVE POWER
        
    132,596
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    132,596
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
                          
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    0.68% (1)
    12
    TYPE OF REPORTING PERSON
     
    IN
     
    (1) Based on 19,415,000 shares of Class A Common Stock outstanding as of December 31, 2022, as reported in the Issuer’s Form 10-Q filed with the SEC on February 7, 2023.




    CUSIP No.: 55825T103
     
     
     
    ITEM 1(a).
    NAME OF ISSUER:
     
     
     
    Madison Square Garden Sports Corp. (the “Issuer”)
     
     
    ITEM 1(b).
    ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
     
     
     
    Two Penn Plaza
    New York, NY  10121
     
     
    ITEM 2(a).
    NAME OF PERSON FILING:
     
     
     
    NNS Holding
    NNS Holding (Cyprus) Ltd
    NNS Ltd
    Nassef Sawiris
     
     
    ITEM 2(b).
    ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
     
     
     
    NNS Holding
     
    c/o Intertrust Corporate Services (Cayman) Ltd
    One Nexus Way
    Camana Bay
    Grand Cayman KY1-9005
    Cayman Islands
     
    NNS Holding (Cyprus) Ltd
    NNS Ltd
     
    18, Evagora Papachristoforou St.
    Petoussis Bldg, Ground Fl, Off. 01
    Limassol, Cyprus  3030
     
    Nassef Sawiris
     
    7, avenue Gaston Diderich
    L-1420 Luxembourg
    Grand Duchy of Luxembourg
     
     
     
    ITEM 2(c).
    CITIZENSHIP:
     
     
     
    NNS Holding – Cayman Islands
    NNS Holding (Cyprus) Ltd – Cyprus
    NNS Ltd – Cayman Islands
    Nassef Sawiris – Belgium
     
     



    ITEM 2(d).
    TITLE OF CLASS OF SECURITIES:
     
     
     
    Class A Common Stock (“Common Stock”)
     
     
    ITEM 2(e).
    CUSIP NUMBER:
     
     
     
    55825T103
     
    ITEM 3.
    IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A:
     
     
     
    Not Applicable.
     
     
    ITEM 4.
    OWNERSHIP:
     
     
     
    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
     
     
     
     
    (a)
    Amount beneficially owned:
     
     
    NNS Holding – 132,596
    NNS Holding (Cyprus) Ltd – 132,596
    NNS Ltd – 132,596
    Nassef Sawiris – 132,596
     
     
     
     
    (b)
    Percent of class:
     
     
    NNS Holding – 0.68%
    NNS Holding (Cyprus) Ltd – 0.68%
    NNS Ltd – 0.68%
    Nassef Sawiris – 0.68%
     
     
     
     
    (c)
    Number of shares as to which the person has:
     
     
     
     
     
    (i)        Sole power to vote or to direct the vote:
     
     
    NNS Holding – 132,596
    NNS Holding (Cyprus) Ltd – 132,596
    NNS Ltd –132,596
    Nassef Sawiris – 0
     
     
     
     
     
    (ii)       Shared power to vote or to direct the vote:
     
     
    NNS Holding – 0
    NNS Holding (Cyprus) Ltd – 0
    NNS Ltd – 0
    Nassef Sawiris –132,596
     
     
     
     
     
    (iii)      Sole power to dispose or to direct the disposition of:
     
     
    NNS Holding – 132,596
    NNS Holding (Cyprus) Ltd – 132,596
    NNS Ltd – 132,596
    Nassef Sawiris – 0
     
     
     
     
     
    (iv)      Shared power to dispose or to direct the disposition of:
     
     
    NNS Holding – 0
    NNS Holding (Cyprus) Ltd – 0
    NNS Ltd – 0
    Nassef Sawiris –132,596




    The Reporting Persons that are companies are directly or indirectly wholly-owned by NNS Ltd, the parent entity of several legal entities established to hold and invest financial assets worldwide.  All of the shares in NNS Ltd are held for the NNS Jersey Trust on trust for Mr. Nassef Sawiris and his descendants.

    NNS Holding is directly wholly-owned by NNS Holding (Cyprus) Ltd, which is directly wholly-owned by NNS Ltd, all of the shares of which are held for the NNS Jersey Trust.  Mr. Nassef Sawiris may be deemed to be the beneficial owner of such shares of Class A Common Stock held by NNS Holding.

    Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that any of these individuals is the beneficial owner of such shares for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent that any such reporting person actually exercises voting or investment power with respect to such securities.
     
    ITEM 5.
    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
     
     
     
    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.
     
     
    ITEM 6.
    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
     
     
     
    Not applicable.
     
     
    ITEM 7.
    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
     
     
     
    Not applicable.
     
     
    ITEM 8.
    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
     
     
     
    Not applicable.
     
    ITEM 9.
    NOTICE OF DISSOLUTION OF GROUP:
     
     
     
    Not applicable.
     
     
    ITEM 10.
    CERTIFICATION:
     
     
     
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
     




    SIGNATURE
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
     
    Date:  February 14, 2023
     

     
    NNS HOLDING
     
     
     
     
     
     
    By:
    /s/ Bjorn Schuurmans
     
     
    Name:
    Bjorn Schuurmans
     
     
    Title:
    Director
     

     
    NNS HOLDING (CYPRUS) LTD
     
     
     
     
     
     
    By:
    /s/ Charalambos Pittas
     
     
    Name:
    Charalambos Pittas
     
     
    Title:
    Director
     

     
    NNS Ltd
     
     
     
     
     
     
    By:
    /s/ Bjorn Schuurmans
     
     
    Name:
    Bjorn Schuurmans
     
     
    Title:
    Manager
     

     
    NASSEF SAWIRIS
     
     
     
     
     
     
    By:
    /s/ Nassef Sawiris
     
     
     


    EXHIBIT 99.1
     
     
    JOINT FILING AGREEMENT
     
     
    In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of an amendment to a Statement on Schedule 13G dated February 14, 2023 (including amendments thereto) with respect to the Class A Common Stock of Madison Square Garden Sports Corp. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such joint filing and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the other.
                                 
     
    NNS HOLDING
     
     
     
     
     
     
    By:
    /s/ Bjorn Schuurmans
     
     
    Name:
    Bjorn Schuurmans
     
     
    Title:
    Director
     

     
    NNS HOLDING (CYPRUS) LTD
     
     
     
     
     
     
    By:
    /s/ Charalambos Pittas
     
     
    Name:
    Charalambos Pittas
     
     
    Title:
    Director
     
     
     
    NNS Ltd
     
     
     
     
     
     
    By:
    /s/ Bjorn Schuurmans
     
     
    Name:
    Bjorn Schuurmans
     
     
    Title:
    Manager
     

     
    NASSEF SAWIRIS
     
     
     
     
     
     
    By:
    /s/ Nassef Sawiris
     
     




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      Nexen Tire Will be Integrated Across Rangers Digital Platforms and During Rangers Games at The Garden NEW YORK, Nov. 13, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) announced today a marketing partnership with Nexen Tire, naming one of the leading global tire manufacturers an Official Partner of the New York Rangers. Through the partnership, Nexen Tire will receive significant brand promotion during Rangers games at Madison Square Garden, including digital dasherboard signage, virtual blue line signage and ribbon LED signage. Nexen Tire will also receive exposure on the digital boards outside of Madison Square Garden, which are on display to the millions of people who

      11/13/23 11:00:00 AM ET
      $MSGS
      Services-Misc. Amusement & Recreation
      Consumer Discretionary