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MSGE would then retain the operation of MSG Networks, MSG Sphere and Tao Group. He said the sale would be separate from a spin-off plan being explored by the MSGE board that would move the company’s traditional live entertainment business into a separate public entity.

In a research note, Macquarie Securities entertainment industry analyst Paul Golding said he “tends to agree with The Post that if Tao is up for sale, this may be motivated by capital needs to complete the Sphere,” which is expected to open later this year on Koval Lane behind The Venetian. A spokesman for MSGE told the newspaper the company’s policy is to not comment on rumor or speculation.

The New York Post reported the potential sale on Wednesday, estimating that MSGE’s 67 percent stake in the Tao Group could be worth $274 million. Tao, which has venues in London, Singapore and Dubai, operates 32 New York City restaurants. Madison Square Garden Entertainment (MSGE) has reportedly hired Goldman Sachs to explore a sale of Tao Group, a worldwide company whose operations encompass 17 restaurants, nightclubs, day clubs and pool lounges in Las Vegas, including Tao Nightclub and Tao Asian Bistro at The Venetian, Hakkasan at MGM Grand, and Beauty & Essex at The Cosmopolitan of Las Vegas.

Developers of the $2.17 billion MSG Sphere are considering a sale of their upscale Tao restaurant and nightclub chain to help fund the project’s rising construction costs, which have now surpassed the budget for Allegiant Stadium.