Mergers & Acquisitions ·
MSG Sports announces spin-off of New York Rangers business into MSG Rangers Corp. with distribution expected October 26
MSGRMSG Rangers Corp.
Madison Square Garden Sports Corp. announced that its previously declared spin-off of MSGS Spinco, Inc., which will own the New York Rangers NHL franchise and Hartford Wolf Pack AHL team, is expected to become effective on October 26, 2026. MSGS Spinco will be renamed MSG Rangers Corp. and trade under the symbol "MSGR" on the NYSE. Holders of MSG Sports Class A Common Stock will receive one share of MSG Rangers Class A Common Stock for every two shares held, with a record date of October 20, 2026. The transaction is expected to be tax-free. MSG Sports will rename itself MSG Knickerbockers Corp. and trade under "MSGK". Joseph M. Cohen was appointed as a director of MSGS Spinco effective October 9, 2026. MSG Rangers operates professional sports franchises in the National Hockey League.