MSG Splits the Knicks and Rangers Into Two Public Companies

I Don't Know Who Needs to Hear This, But... · Oct 26, 2026 · 13m

Madison Square Garden Sports' tax-free spin-off of the Rangers from the Knicks is scheduled to complete today, with MSGK and MSGR starting regular-way trading on the NYSE on Tuesday. MSG Knickerbockers keeps the Knicks and the Westchester Knicks; MSG Rangers takes the Rangers, the Hartford Wolf Pack and the MSG Training Center. Shareholders get one MSG Rangers share for every two MSG Sports shares, James Dolan runs both, and the two teams brought in $1.15 billion of revenue over the latest 12 months, with the Knicks more than twice the Rangers. Also today: Netflix will stream all 104 matches…