Madison Square Garden Sports Corp. said its board unanimously approved a plan to explore a potential spin-off that would separate its New York Knicks business from its New York Rangers business into two publicly traded companies. The company said the transaction, if pursued, is expected to be structured as a tax-free spin-off to shareholders, but noted there is no assurance it will be completed and no timetable has been set.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Madison Square Garden Sports Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260218343916) on February 18, 2026, and is solely responsible for the information contained therein.
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