MSG Sports Publicly Files Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business
Madison Square Garden Sports Corp. publicly filed a Form 10 registration statement to spin off its New York Rangers business from its New York Knicks business, targeting completion by the end of October 2026. The transaction will create two distinct, tax-free, publicly traded companies: MSG Knickerbockers (Knicks and Westchester Knicks) and MSG Rangers (Rangers, Hartford Wolf Pack, and MSG Training Center). Record holders of MSGS Class A and Class B common stock will receive a pro-rata distribution of 100% of the common stock in the new Rangers company, with James L.
Key figures
- Tax treatment
- tax-free
- Distribution percentage
- 100%
- Expected completion date
- end of October 2026
AI analysis
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