Business
Madison Square Garden Sports Corp. Files Initial Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business
NEW YORK, May 18, 2026--Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports" or the "Company") 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 ("SEC").
About this update from Madison Square Garden Sports Corp.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/bacb69237f4490baeb5b20469539f96c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VjGB7smmKO3Cnx0a1kfk7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MA--/https://media.zenfs.com/en/business-wire.com/bacb69237f4490baeb5b20469539f96c","width":960,"height":480},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/gYP9P3jDgEnPEJD7l18m6g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTMyMA--/https://media.zenfs.com/en/business-wire.com/bacb69237f4490baeb5b20469539f96c","width":640,"height":320},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/cegMUG2.srrvlSqMmN9iCQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0/https://media.zenfs.com/en/business-wire.com/bacb69237f4490baeb5b20469539f96c","width":1024,"height":512}},"lazy":false},{"type":"text","content":"NEW YORK, May 18, 2026--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) ("MSG Sports" or the "Company") 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 ("SEC").","length":409,"tagName":"p"},{"type":"text","content":"As previously announced, the possible transaction would create two distinct publicly traded companies, enabling shareholders to more clearly evaluate each company’s 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.","length":636,"tagName":"p"},{"type":"text","content":"After 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 ...