JOURNAL ARTICLE

MSG Sports Considering Spinning Off New York Knicks, Rangers.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

The article discusses Madison Square Garden Sports Corp.'s board of directors approving a plan to explore the potential spinoff of the NBA's New York Knicks and NHL's New York Rangers to attract investors more effectively. The Knicks are valued at approximately $9.85 billion, while the Rangers are valued at around $3.65 billion. The spinoff aims to allow shareholders to better assess each team's valuation, with MSG's stock recently rising significantly due to the Knicks' strong performance and the NBA's new media rights deal. The article also notes the historical context of both teams and mentions potential interest from Middle Eastern investors in acquiring stakes in the Knicks. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/02, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2026
  • Accession Number:191660900
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