MSG Sports to split Knicks and Rangers into two separate companies
MSG Sports is planning 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 tied up under the ownership of James Dolan. The Knicks entity will include the NBA team and its G League affiliate, while the Rangers company will encompass the NHL team and its AHL affiliate.
- ▪Madison Square Garden Sports has announced a split of the Knicks and Rangers into separate companies.
- ▪The company filed an initial Form 10 registration statement with the Securities and Exchange Commission.
- ▪The separation is expected to unlock billions in franchise value.
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