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Madison Square Garden Sports' board of directors has approved splitting the New York Knicks and New York Rangers businesses into two independent companies. The company will change its name to MSG Knickerbockers Corp.
Madison Square Garden Sports advanced the separation of its New York Rangers business into a standalone public company through a suite of agreements with MSGS Spinco and key stakeholders. The parties executed a Distribution Agreement to spin off Spinco to stockholders, and a Contribution Agreement to transfer assets to
Madison Square Garden Sports Corp. announced its board of directors has approved the spin-off of its New York Rangers business from its New York Knicks business. The transaction is expected to be completed on October 26, 2026.