James Dolan moves to split Knicks and Rangers into two separate public companies
Madison Square Garden Sports has announced plans to separate the New York Knicks and New York Rangers into two distinct publicly traded companies. This move aims to unlock significant franchise value that has been obscured under the current corporate structure. Analysts believe that the separation could provide investors with clearer insights into each team's assets and growth potential.
- ▪MSG Sports filed an initial Form 10 registration statement with the SEC for the proposed spin-off.
- ▪The Knicks entity will include the NBA franchise and its G League affiliate, while the Rangers company will house the NHL club and its affiliate.
- ▪The current public market valuation of MSG Sports is approximately $8.5 billion, significantly lower than the combined private market value of the Knicks and Rangers.
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Business James Dolan moves to split Knicks and Rangers into two separate public companies By Ariel Zilber Published May 18, 2026, 2:56 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Madison Square Garden Sports has moved to split the New York Knicks and New York Rangers into two separate, publicly traded companies — a move analysts say could finally unlock billions in trapped franchise value tied up under James Dolan’s sprawling sports empire. MSG Sports said it confidentially filed an initial Form 10 registration statement with the Securities and Exchange Commission on Monday as it advances a proposed tax-free spin-off that would separate the Knicks business from the Rangers business.
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