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MSG Splits the Knicks and Rangers Into Two Stocks
Madison Square Garden Sports' board has approved spinning off the New York Rangers from the Knicks, with completion scheduled for October 26. The parent becomes MSG Knickerbockers Corporation and keeps the Knicks; the new MSG Rangers Corporation takes the Rangers, the Hartford Wolf Pack and the MSG Training Center. Shareholders get one MSG Rangers share for every two MSG Sports shares, trading under MSGK and MSGR is set to begin October 27, and James Dolan will run the Rangers company while keeping his roles at the Knicks. Also today: the NHRA splits its season between Fox and The CW from…
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