Why is the president and CEO of the sports giants resigning?

In the previous quarter, the company reported skyrocketing revenues, after Lustgarten led the sale of a sports center in Los Angeles for $400 million and the purchase of another company. He recently expressed frustration with the company’s share price and realized that the value of the groups under the company would be higher if they were separate. Even so, now with his departure it is not clear if the separation will actually happen.

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On the other hand, the company is now examining the option of splitting into two, among other things in light of the baseball team’s revenues, which have grown by 9.2% since the Corona period and are expected to increase further, due to the addition of seats in the stadium where it plays.