Recent Updates — MSGR

On October 26, 2026, MSG Knickerbockers Corp. completed the distribution of all issued and outstanding shares of MSG Rangers Corp. common stock to holders of record as of October 20, 2026. Each holder received one share of MSG Rangers Class A or Class B common stock for every two shares of corresponding MSG Knickerbockers class held. The distribution involved approximately 9.8 million Class A shares and 2.3 million Class B shares, with fractional shares converted to cash. Concurrently, the company entered into an NHL Transfer Consent Agreement requiring league approval for future ownership transfers of the New York Rangers hockey club. MSG Rangers Corp. operates in the professional sports industry, specifically owning and operating the New York Rangers.

Eight individuals were elected as directors of MSGS Spinco, Inc., effective immediately following the distribution of its common stock by Madison Square Garden Sports Corp. The board includes Joseph M. Cohen, Stephen C. Mills, Nelson Peltz, and Hans Vestberg from Class A holders, and James L. Dolan, Christopher J. Cox, Kristin A. Dolan, Marianne Dolan Weber, Thomas C. Dolan, Alan D. Schwartz, and Brian G. Sweeney from Class B holders. Concurrently, the company filed Amended and Restated Articles of Incorporation authorizing 165 million shares, comprising 120 million Class A common stock, 30 million Class B common stock, and 15 million preferred stock. The registrant will be renamed MSG Rangers Corp. upon completion of the distribution. This company operates in the sports entertainment industry.

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.