Want Luxury Seats For Every Madison Square Garden Show? It'll Cost You $400K

MIDTOWN MANHATTAN, NY — Madison Square Garden recently unveiled the fruits of its partnership with restaurant and nightlife company TAO Group, and it looks like a hedge funder's dream come to life.

Enter Suite Sixteen: A members-only suite in the arena complete with leather plush sofas, cantilevered chrome tables, wood veneer wall coverings and a crystal bar car. The most expensive membership for Suite Sixteen, the diamond package, will run a whopping $400,000 per year and include tickets to all of the garden's sporting and entertainment events with guaranteed front-row seating and guest access for up to 40 friends to two events per year.

The more modest "access" package comes with a yearly price tag of $7,000 and allows members to simply enter the lounge, tickets to events not included. Other membership options include the amber ($40,000 per year), ruby ($65,000) and sapphire ($200,000) packages.

Suite Sixteen is being sold as a more sophisticated way to take in Madison Square Garden events.

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"Imagine if going to The Garden, or any of MSG’s iconic properties, meant the opportunity to go to one of the world’s coolest lounges as well," Noah Tepperberg, co-president of TAO Group, said in a statement. "It’s clear that today, people expect so much more from live entertainment and hospitality, and both TAO Group and MSG are committed to combining what we each do best so we can raise the bar on what a world-class experience really means."

Other TAO Group ventures will add to the complete Suite Sixteen experience. Chefs Ralph Scamardella and Chris Santos will serve a rotating menu of favorite dishes from the group's restaurants such as TAO and Lavo (yes, everything is capitalized).

Madison Square Garden and the TAO Group first announced the partnership in Febraury. Suite Sixteen will officially open for the New York Knicks home opener on Oct. 30.

"Our venues have been synonymous with some of the most enduring and unforgettable moments in sports and entertainment history, and this initiative shows our commitment to ensuring that our guests feel that way about their total experience," John Abbamondi, an executive at Madison Sqare Garden, said in a statement. "With TAO Group now part of the MSG family, we’re able to leverage the combined strength of two live experience companies to deliver a full spectrum of the finest premium hospitality offerings in the industry."

All Knick fans are asking for is a winning season.

Photo courtesy of TAO Group