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MSG Sports Board Approves Spin-Off of Rangers From Knicks

The board of Madison Square Garden Sports has approved a plan to spin off the New York Rangers from the New York Knicks, separating the company's NHL and NBA franchises into distinct operations. The move would give each team its own structure, though details on timing and terms remain limited following the board's decision.

Why now: A major corporate restructuring of two of the most valuable US sports franchises is significant news for investors and New York sports fans.

Madison Square Garden SportsNew York RangersNew York KnicksMSG

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• MSG Sports Board Approves Spin-Off of Rangers From Knicks · WSJ

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