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Madison Square Garden to Spin Off Knicks and Rangers

2/19/2026

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Story summary
  • Madison Square Garden Sports plans to split the Knicks and New York Rangers into separately traded public companies.
  • Executive chairman James Dolan said the move would boost shareholder value.
  • A source indicated the spin-off is not tied to selling or privatizing the companies.
  • If approved, the Knicks and their G League team would form one company.
  • If approved, the Rangers and their minor league team would form the other.