Madison Square Garden Sports Progresses Toward Rangers Spinoff

Dow Jones05-18

By Nicholas G. Miller

Madison Square Garden Sports took a step toward spinning off its New York Rangers hockey business, by submitting a filing to the U.S. Securities and Exchange Commission used to prepare for a company to begin trading on U.S. exchanges.

The professional sports company said in February it was exploring separating its Knicks basketball franchise and Rangers hockey franchise into two separate companies.

Madison Square Garden Sports said Monday that it filed a confidential initial form 10 registration statement with the SEC. The company said if it proceeds with the transaction, the spinoff is expected to be structured as a tax-free spin-off to all shareholders.

Upon completion of the separation, it is expected that record holders of class A and class B stock would receive a pro-rata distribution of 100% of the common stock in the newly created public company, Madison Square Garden Sports said.

Madison Square Garden Sports said the spinoff would allow shareholders to more clearly evaluate the two businesses' assets and growth prospects.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

May 18, 2026 08:56 ET (12:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Madison <a href=\"https://laohu8.com/S/XYZ\">Square</a> Garden Sports took a step toward spinning off its New York Rangers hockey business, by submitting a filing to the U.S. Securities and Exchange Commission used to prepare for a company to begin trading on U.S. exchanges. \n</p>\n<p>\n  The professional sports company said in February it was exploring separating its Knicks basketball franchise and Rangers hockey franchise into two separate companies. \n</p>\n<p>\n  Madison Square Garden Sports said Monday that it filed a confidential initial form 10 registration statement with the SEC. 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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Madison <a href=\"https://laohu8.com/S/XYZ\">Square</a> Garden Sports took a step toward spinning off its New York Rangers hockey business, by submitting a filing to the U.S. Securities and Exchange Commission used to prepare for a company to begin trading on U.S. exchanges. \n</p>\n<p>\n  The professional sports company said in February it was exploring separating its Knicks basketball franchise and Rangers hockey franchise into two separate companies. \n</p>\n<p>\n  Madison Square Garden Sports said Monday that it filed a confidential initial form 10 registration statement with the SEC. 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Miller \n\n\n \n\n\n  Madison Square Garden Sports took a step toward spinning off its New York Rangers hockey business, by submitting a filing to the U.S. Securities and Exchange Commission used to prepare for a company to begin trading on U.S. exchanges. \n\n\n  The professional sports company said in February it was exploring separating its Knicks basketball franchise and Rangers hockey franchise into two separate companies. \n\n\n  Madison Square Garden Sports said Monday that it filed a confidential initial form 10 registration statement with the SEC. 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