The Sphere, Las Vegas’ newest eye-catching attraction, has posted a $98.4 million loss for the fiscal quarter, which would be expected given it only recently opened. What isn’t expected is the simultaneous departure of CFO Gautam Ranji., the Sphere reported an operating loss of $98.4 million for the last fiscal quarter ending September 30, which is not wholly unexpected given the venue only opened its doors on September 29, especially since it cost a whopping $2.3 billion to construct.
The supposed “yelling and screaming” came from Dolan, not Ranji, who was said to have gotten up “calmly” and left the room in response and promptly giving his notice to the company’s general counsel. “Our primary sources of liquidity are cash and cash equivalents and cash flows from the operations of our businesses. The Company’s uses of cash over the next 12 months beyond the issuance date are expected to be substantial,” the financial documents read.