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MSG Sports board approves Knicks and Rangers spinoff into separate public companies

Mike Vorkunov reports the transaction is scheduled for October 26, pending league approvals and other conditions.

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4 Sources, 11h ago, first seen 11h ago

TLDR

Mike Vorkunov reports that MSG Sports’ board approved a plan to separate the Knicks and Rangers into publicly traded companies. MSG Knickerbockers Corp. would own the Knicks and Westchester Knicks; MSG Rangers Corp. would include the Rangers, the MSG training facility and the Hartford Wolf Pack. The transaction is scheduled for October 26, subject to league approvals and other conditions.

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4 Sources, first seen 11h ago

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Combined views

716K

4 Sources, first seen 11h ago

413 likes13 comments95 saves90 reposts

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4 Sources

@MikeVorkunovMSG Sports will spin off the New York Knicks and Rangers into separate publicly traded companies, after its board approved the move. Transaction will be completed on Oct. 26. MSG Sports will be MSG Knickerbockers Corp. It'll own the Knicks and Westchester Knicks. MSG Rangers Corp. will be comprised of the Rangers, MSG training facility and Hartford Wolf Pack. The transaction will be final after league approvals and other conditions.
@TheAthleticRT @MikeVorkunov: MSG Sports will spin off the New York Knicks and Rangers into separate publicly traded companies, after its board approve…
@BenHorneyMSG Sports first said it was weighing a spinoff in February. Starting Oct. 27, roughly 8 months later, you'll be able to buy stock in either the Knicks OR Rangers. They will no longer be part of the same company. @FOS story from Feb w/ @AEricFisher: https://frontofficesports.com/article/knicks-rangers-could-be-spun-off-into-separate-public-companies/
@FOSRT @BenHorney: MSG Sports first said it was weighing a spinoff in February. Starting Oct. 27, roughly 8 months later, you'll be able to b…
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    4 Sources

    @MikeVorkunovMSG Sports will spin off the New York Knicks and Rangers into separate publicly traded companies, after its board approved the move. Transaction will be completed on Oct. 26. MSG Sports will be MSG Knickerbockers Corp. It'll own the Knicks and Westchester Knicks. MSG Rangers Corp. will be comprised of the Rangers, MSG training facility and Hartford Wolf Pack. The transaction will be final after league approvals and other conditions.
    @TheAthleticRT @MikeVorkunov: MSG Sports will spin off the New York Knicks and Rangers into separate publicly traded companies, after its board approve…
    @BenHorneyMSG Sports first said it was weighing a spinoff in February. Starting Oct. 27, roughly 8 months later, you'll be able to buy stock in either the Knicks OR Rangers. They will no longer be part of the same company. @FOS story from Feb w/ @AEricFisher: https://frontofficesports.com/article/knicks-rangers-could-be-spun-off-into-separate-public-companies/
    @FOSRT @BenHorney: MSG Sports first said it was weighing a spinoff in February. Starting Oct. 27, roughly 8 months later, you'll be able to b…
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