Madison Square Garden Sports Corp. Files Initial Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business

Madison Square Garden Sports Corp. filed a confidential initial Form 10 Registration Statement with the SEC, marking significant progress toward spinning off its New York Rangers business from its New York Knicks business. The proposed transaction aims to create two distinct publicly traded companies, allowing shareholders to evaluate each franchise’s assets and growth prospects independently while providing both entities with greater strategic and financial flexibility. If completed, the spin-off is expected to be tax-free, with record holders of MSGS Class A and Class B common stock receiving a pro-rata distribution of 100% of the common stock in the newly created Rangers company.

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