MSG Sports Board Approves Spin-Off of Rangers Business From Knicks Business
MSG Sports' board approved the spin-off of the New York Rangers business from the Knicks business, with distribution set for October 26, 2026 to holders of record as of October 20, 2026. Shareholders will receive one share of MSG Rangers Class A or Class B stock for every two MSGS shares held; MSG Sports will be renamed MSG Knickerbockers Corp. and trade as MSGK, while the new Rangers company trades as MSGR. James L.
Key figures
- Record date
- October 20, 2026
- Distribution date
- October 26, 2026
- Distribution ratio
- 1 share of MSG Rangers Class A or Class B common stock for every 2 shares of MSG Sports Class A or Class B common stock
AI analysis
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