{"id":964001,"date":"2026-05-18T08:54:57","date_gmt":"2026-05-18T12:54:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/madison-square-garden-sports-corp-files-initial-form-10-registration-statement-for-proposed-spin-off-of-rangers-business-from-knicks-business\/"},"modified":"2026-05-18T08:54:57","modified_gmt":"2026-05-18T12:54:57","slug":"madison-square-garden-sports-corp-files-initial-form-10-registration-statement-for-proposed-spin-off-of-rangers-business-from-knicks-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/madison-square-garden-sports-corp-files-initial-form-10-registration-statement-for-proposed-spin-off-of-rangers-business-from-knicks-business\/","title":{"rendered":"Madison Square Garden Sports Corp. Files Initial Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business"},"content":{"rendered":"

<\/p>\n

Madison Square Garden Sports Corp. Files Initial Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nMadison Square Garden Sports Corp. (NYSE: MSGS<\/a>) (\u201cMSG Sports\u201d or the \u201cCompany\u201d) today announced that it has made progress towards a proposed spin-off of its New York Rangers business from its New York Knicks business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (\u201cSEC\u201d).<\/p>\n

\nAs previously announced, the possible transaction would create two distinct publicly traded companies, enabling shareholders to more clearly evaluate each company\u2019s assets and growth prospects, while providing both with enhanced strategic and financial flexibility. If MSG Sports proceeds with the spin-off transaction, it is expected to be structured as a tax-free spin-off to all Company shareholders and upon completion of the contemplated separation, it is expected that record holders of Company Class A and Class B common stock would receive a pro-rata distribution of 100% of the common stock in the newly created public company.<\/p>\n

\nAfter the proposed spin-off, the New York Knicks company is expected to include the Knicks, an original franchise of the NBA, whose history includes eight trips to the NBA Finals and two NBA Championships, and have advanced to the Eastern Conference Finals in the 2026 NBA playoffs. Also included would be the Westchester Knicks, the exclusive NBA G League affiliate of the Knicks. The New York Rangers company is expected to include the Rangers, one of the NHL\u2019s \u201cOriginal Six\u201d franchises, which recently celebrated its 100th<\/sup> Anniversary season and whose history includes four Stanley Cup Championships. Also included would be the Hartford Wolf Pack, a minor-league hockey team in the AHL, and the top affiliate team for the Rangers.<\/p>\n

\nThere can be no assurance that the possible transaction will be completed in the manner described above, or at all. Completion of the transaction would be subject to various conditions, including effectiveness of the Form 10 Registration Statement, any required league approval, receipt of a tax opinion from counsel and Company board approval.<\/p>\n

About Madison Square Garden Sports Corp.<\/b><\/p>\n

\nMadison Square Garden Sports Corp. (MSG Sports) is a leading professional sports company, with a collection of assets that includes the New York Knicks (NBA) and the New York Rangers (NHL), as well as two development league teams \u2013 the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL). MSG Sports also operates a professional sports team performance center \u2013 the MSG Training Center in Greenburgh, NY. More information is available at www.msgsports.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including financial community and rating agency perceptions of the Company and its business, operations, financial condition and the industry in which it operates, and the factors described in the Company\u2019s filings with the Securities and Exchange Commission, including the sections titled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260518632524\/en\/<\/a><\/span><\/p>\n

MSGScorpcomms@msg.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Hockey Basketball Entertainment Sports Other Entertainment Other Sports Events\/Concerts<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Madison Square Garden Sports Corp. Files Initial Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business NEW YORK–(BUSINESS WIRE)– Madison Square Garden Sports Corp. (NYSE: MSGS) (\u201cMSG Sports\u201d or the \u201cCompany\u201d) today announced that it has made progress towards a proposed spin-off of its New York Rangers business from its New York Knicks business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (\u201cSEC\u201d). As previously announced, the possible transaction would create two distinct publicly traded companies, enabling shareholders to more clearly evaluate each company\u2019s assets and growth prospects, while providing both with enhanced strategic and financial flexibility. If MSG Sports proceeds with the spin-off transaction, it is expected … <\/p>\n

Continue reading “Madison Square Garden Sports Corp. Files Initial Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-964001","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMadison Square Garden Sports Corp. 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Files Initial Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business NEW YORK–(BUSINESS WIRE)– Madison Square Garden Sports Corp. (NYSE: MSGS) (\u201cMSG Sports\u201d or the \u201cCompany\u201d) today announced that it has made progress towards a proposed spin-off of its New York Rangers business from its New York Knicks business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (\u201cSEC\u201d). As previously announced, the possible transaction would create two distinct publicly traded companies, enabling shareholders to more clearly evaluate each company\u2019s assets and growth prospects, while providing both with enhanced strategic and financial flexibility. If MSG Sports proceeds with the spin-off transaction, it is expected … Continue reading "Madison Square Garden Sports Corp. 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