MSG Entertainment Legal Chief Laura Franco Out After 20 Months: *Millions in Severance* Triggered in Shock Exit
Madison Square Garden Entertainment’s top lawyer is gone—Laura Franco, EVP and General Counsel, “agreed to part ways” after just 20 months, unlocking a multi-million-dollar severance bomb that has Wall Street buzzing.
Franco’s last day: Friday, October 31, 2025. The SEC 8-K filing dropped October 24 confirms: “Agreed… leaving the Company” with full severance per her employment deal—likely 2x salary + bonus (~$3M-$5M est. for C-suite at $700K+ base MSG Entertainment).
Bumble bombshell: Franco jumped from Chief Legal & Compliance Officer at the dating app giant in Feb 2024 to helm MSG Entertainment’s legal wars—corporate deals, litigation, regulatory fights amid Radio City, MSG Arena mega-events. Pattern? MSG Entertainment’s GC seat is musical chairs: Scott Packman (2020-21), Jamal Haughton (2021-??), now Franco—Dolan family churn.
No drama disclosed—but Law.com calls it “triggering millions.” X whispers: High turnover under Jim Dolan; post-Sphere spin-off shakeups.
Successor hunt? Incoming GC eyed from auto giant—Sarah Powell (ex-Advance Auto Parts top lawyer). “Mutual” exit shields details; non-compete locks Franco out.
For U.S. investors, MSG Entertainment stock (MSGE) dipped 1.2% post-filing amid $500M+ venue expansions. Severance hit? Q3 earnings loom—live events boom (+25% revenue YOY) cushions. Wall Street exec pay scrutiny spikes: Golden parachutes fuel shareholder suits (echo $85M Dolan settlement).
Law360: “Agreed to leave” = amicable ouster. Corporate Counsel post: 196+ views—”Millions triggered!“
Laura Franco MSG Entertainment, EVP General Counsel severance, MSG legal chief exit—Dolan empire‘s latest shakeup eyes 2026 arenas.
By Sam Michael
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