Madison Square Garden Sports (MSG Sports), the professional sports company that owns several franchises across baseball and ice hockey, has begun a prospective spin-off that will separate its New York Knicks (NBA) business from its New York Rangers (NHL) business, creating two publicly traded companies.
The firm has filed a Form 10 Registration Statement, a preliminary restructuring move that turns the company into a public reporting entity, effectively spinning it off from the main unit.
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The proposed spin-off will see the creation of the New York Rangers company, MSG Rangers, which will include the Rangers and the Hartford Wolf Pack, a minor-league hockey team in the AHL and the top affiliate team for the Rangers, as well as the MSG Training Center that both the Rangers and Knicks use.
This will be separate from MSG Sports, which will be renamed as MSG Knickerbockers, and will include the current NBA champions New York Knicks, as well as the Westchester Knicks NBA G League affiliate.
James Dolan, the executive chair and chief executive of Madison Square Garden Sports and Madison Square Garden Entertainment, will remain in the role post-spinoff for the renamed MSG Knickerbockers company, and will take up the same pair of roles at MSG Rangers.
MSG Sports says the spin-off process will be complete by the end of October 2026.
Back in February, when the move was first announced, MSG Sports said the possible transaction “would enable shareholders to more clearly evaluate each company’s assets and growth prospects, while providing both companies with enhanced strategic and financial flexibility.”
