Madison Square Garden Sports Board Approves Spin-Off of Rangers

05:09 PM EDT, 09/30/2026 (MT Newswires) -- Madison Square Garden Sports (MSGS) said on Wednesday that its board approved the spin-off of its New York Rangers business from its New York Knicks business, with completion expected Oct. 26. Stockholders of record as of Oct. 20 will receive one share of MSG Rangers Corp. for every two MSG Sports shares held. MSG Sports will be renamed MSG Knickerbockers Corp. James L. Dolan will serve as executive chairman and CEO of both companies. When-issued trading in MSG Rangers is expected to begin Oct. 21, with regular-way trading starting Oct. 27.