Madison Square Garden Sports Corp. is moving forward with plans to separate its New York Knicks and New York Rangers businesses into two distinct publicly traded companies. The company filed a Form 10 Registration Statement with the SEC for the new Rangers entity, which will be named MSG Rangers Corp. Following the spin-off, MSG Sports will be renamed MSG Knickerbockers Corp. and will retain the Knicks.
The separation of the Knicks and Rangers businesses into distinct publicly traded entities could unlock value for shareholders by allowing each franchise to be valued independently and pursue tailored strategic initiatives.
Madison Square Garden Sports Corp. has approved plans to spin off its New York Knicks and New York Rangers businesses into two separate publicly traded companies. The company announced on August 14, 2026, that it has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission for the new entity that will house the Rangers.
Following the completion of the transaction, MSG Sports will be renamed MSG Knickerbockers Corp. and will retain ownership of the Knicks and the Westchester Knicks. The newly formed company, to be named MSG Rangers Corp., will encompass the New York Rangers and the Hartford Wolf Pack, along with the MSG Training Center. James L. Dolan is slated to serve as Executive Chairman and Chief Executive Officer for both MSG Rangers Corp. and MSG Knickerbockers Corp.
The spin-off is intended to be structured as a tax-free distribution, where record holders of MSG Sports' Class A and Class B common stock will receive 100% of the common stock in the new Rangers company on a pro-rata basis. MSG Sports anticipates completing the separation by the end of October 2026, though the completion is contingent on various conditions, including required league approval and receipt of a tax opinion from counsel.
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