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    MSG Sports Approves Spinoff of Rangers From Knicks Business▼MSG Sports Approves Spinoff of Rangers Business From Knicks✉newsBusiness36 min ago

    MSG Sports has approved a plan to spin off its Rangers hockey business from its Knicks basketball operations, according to Sportico. The move would separate the ownership structures of the New York Rangers and New York Knicks, two of the company's flagship franchises. Further details on timing, structure, and shareholder impact were not immediately available.

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    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.