Madison Square Garden Sports Explores Spinoff of Knicks and Rangers into Separate Public Entities
Madison Square Garden Sports (MSGS), owner of the NBA's New York Knicks and NHL's New York Rangers, announced its board is exploring a spinoff to create standalone publicly traded companies for each franchise. The MOVE aims to enhance strategic flexibility and provide clearer investment profiles for both teams. Shares of MSGS have surged approximately 75% over the past five years, reflecting strong investor interest in sports assets.
The proposed structure mirrors the 2020 separation of the teams from their venue, Madison Square Garden, which is now operated by Madison Square Garden Entertainment (MSGE). No timeline has been set for the potential transaction, which remains subject to league approvals. This development marks a rare opportunity for retail investors to gain direct exposure to professional sports franchises through public markets.
