James Dolan moves to split Knicks and Rangers into two separate public companies

Source: New York Post

Madison Square Garden Sports has moved to split the New York Knicks and New York Rangers into two separate, publicly traded companies — a move analysts say could finally unlock billions in trapped franchise value tied up under James Dolan’s sprawling sports empire. MSG Sports said it confidentially filed an initial Form 10 registration statement with the Securities and Exchange Commission on Monday as it advances a proposed tax-free spin-off that would separate the Knicks business from the Rangers business. The Knicks entity would include the NBA franchise and the Westchester Knicks G League affiliate, while the Rangers company would house the NHL club and the Hartford Wolf Pack.