MSG Sports board clears spin-off of Rangers from Knicks business

Investing.com -- Madison Square Garden Sports Corp (NYSE:MSGS) has formally cleared the path to separate its two flagship franchises, announcing Wednesday that its board of directors approved the spin-off of the New York Rangers business from its New York Knicks operations. The transaction, expected to close on October 26, 2026, will dismantle the combined holding structure in favor of two pure-play public sports entities.