MSG Sports Board Approves Spin-Off of Rangers Business From Knicks Business
Business Wire•30/09/2026•16:30 ET
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Key Highlights
- ➤Spin-off approved, separating Rangers from Knicks businesses on October 26, 2026
- ➤MSG Rangers shares distributed one-for-two MSG Sports shares to record holders
- ➤MSG Knicks and MSG Rangers begin regular-way trading October 27, 2026
- ➤Spin-off completion requires Form 10 effectiveness, league approval, and tax opinion
Expert Statements
James L. Dolan, Executive Chairman and Chief Executive Officer of MSG Sports
“With our board’s approval we are now one step closer to our goal of separating our Knicks and Rangers businesses into two distinct public companies”
James L. Dolan, Executive Chairman and Chief Executive Officer of MSG Sports
“Both teams have storied histories and large and passionate fan bases, and we believe each company will be well-positioned to generate long-term value for shareholders.”
MSG Sports Board Approves Spin-Off of Rangers Business From Knicks Business
Madison Square Garden Sports Corp. (NYSE: MSGS ) (“MSG Sports” or the “Company”) today announced that its board of directors has approved the spin-off of its New York Rangers business from its New York Knicks business, with the transaction expected to be completed on October 26, 2026.
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